Colgate-Palmolive Stock Skyrockets: Earnings Beat Expectations & Double-Digit Price Hike Revealed
Consumer-goods companies have been demonstrating their pricing power this earnings season. Procter & Gamble Co. PG and Kimberly-Clark Corp. KMB also raised prices by double-digit percentages, as did PepsiCo Inc. PEP, Nestlé CH:NESN and Unilever NL:UNA, with little impact on volumes. New…