Starbucks Corp. Chief Government Kevin Johnson
“Provide chain-driven inflationary prices have been unexpectedly amplified by Omicron and quickly accelerated in December,” Mr. Johnson stated. “For the steadiness of the 12 months, we count on these prices to extend versus our earlier estimate. Like most economists, we anticipate supply-chain disruptions will proceed for the foreseeable future. We’ve got already taken pricing actions this fiscal 12 months…and we have now further pricing actions deliberate by the steadiness of this 12 months.” (Feb. 1)
United Parcel Service Inc. Chief Government Carol Tomé
“By way of present traits, the primary week of January, I’m like, the place are the purchasers? Everyone gave the impression to be at house due to Omicron, however the enterprise has come again roaring. So we’re feeling actually good in regards to the steering that we’ve simply given.” (Feb. 1)
Clorox Co. Chief Monetary Officer Kevin Jacobsen
“If I take a look at our historical past, that is the fourth inflationary cycle we’ve gone by within the final 10 years. If you happen to take a look at the three earlier occasions we’ve completed this, we’ve been in a position to totally worth and drive our cost-savings program to offset the fee inflation, rebuild margins. It traditionally has taken us about 12 to 18 months to do this. I might let you know, although, on this case—due to the intense degree of inflation we’re coping with—I count on it to take longer.” (Feb. 3)
Sony Group Corp. Chief Monetary Officer Hiroki Totoki
“We proceed to be unable to totally meet market demand in a number of classes resulting from extreme limitations on the availability of parts. We count on this example to proceed to affect us within the fourth quarter ending March 31.” (Feb. 2)
Superior Micro Gadgets Inc. Chief Government Lisa Su
“We’ve got been in a mode of ‘demand is bigger than provide,’ though we made quite a lot of progress by 2021. And I count on to make extra progress; actually incremental capability will come on-line by 2022, particularly within the second half…However we’re undoubtedly engaged on getting extra provide as we undergo the 12 months, and I feel it is best to see it loosen up a bit.” (Feb. 1)
Basic Motors Co. Chief Government Mary Barra
“What we’re sharing is what we see with the work that we’ve completed with all the semiconductor producers and our plans for this 12 months,” Ms. Barra stated. We’re “undoubtedly seeing enchancment in first quarter over fourth quarter. We noticed fourth quarter higher than third quarter. And we actually see, with the plans we have now in place now, by the point we get to 3rd and fourth quarter, we’re going to be actually beginning to see the semiconductor constraints diminish.” (Feb. 1)
Ford Motor Co. Chief Government Jim Farley
“Maybe the most important reward for all of the ache we’re going by now in semiconductors is that we have now very painfully discovered the lesson that we can not handle the availability chain for these key parts as we have now. In truth, you could possibly argue that within the change of transition to those digital electrical autos that offer chain may very well be one of many largest benefits a specific firm has or doesn’t have.” (Feb. 3)
Amazon.com Inc. Chief Monetary Officer Brian Olsavsky
“There’s particular issues that I feel all of us see within the provide chain the place we’re ready for merchandise. However so far as Amazon is anxious, we did quite a bit to fight the supply-chain points we noticed in This autumn or anticipated in This autumn. We purchased quite a lot of product forward. We labored with distributors to safe stock early, in some instances paid earlier, which had a working capital affect.” (Feb. 3)
Honeywell Worldwide Inc. Chief Monetary Officer Greg Lewis
“We count on supply-chain impacts to stay as difficult within the first half of the 12 months as they have been within the third and fourth quarter, they usually’ll begin to abate because the Aero provide base ramps up and capability for digital parts comes on-line in third quarter. Inflation will proceed to be a major headwind. Nevertheless, agile pricing actions will dampen the impacts to margin all year long.” (Feb. 3)
Hershey Co. Chief Government Michele Buck
“We’ve got quite a lot of actions in place to drive steady enchancment relative to our personal provide…We predict that we are going to make steady enchancment. However on no account would we actually be out of the woods completely. We are going to proceed to have strain all year long. Our objective is to simply to proceed to make enchancment. (Feb. 3)
Waste Administration Inc. Chief Government James Fish Jr.
“I might let you know that that inflation that we began to see in Q3 did catch, I feel, your complete world off guard. However no person anticipated coming into the 12 months that we’d have 40-year excessive inflation. So, Q3 was enjoying a little bit of catch up. This autumn, we began to essentially catch up, however there’s a lag by way of how a lot pricing we are able to get to cowl inflation. And truthfully, we in all probability—we’ll be completely satisfied simply to get to a degree the place we cowl that value.” (Feb. 2)
Brinker Worldwide Inc. Chief Monetary Officer Joe Taylor
“There’s a perception we’ll have a downward cycle sooner or later. Not calling time-frame on that, however we do nonetheless imagine commodities are cyclical. And whether or not or not it’s the again half of this calendar 12 months or stepping into subsequent fiscal 12 months, there’s in all probability some aid on the absolutes of these. The labor facet of the equation is extra structural.” (Feb. 2)
ConocoPhillips Chief Government Ryan Lance
“We’re seeing a bit extra inflation because of the strengthening commodity worth that we see, and I’d say it’s primarily within the Permian Basin…Round the entire world, although, we see a lot decrease inflation.” (Feb. 3)
Meta Platforms Inc. Chief Working Officer Sheryl Sandberg
“We’ve additionally heard from advertisers about different macro traits that contributed to the headwinds in This autumn, together with international supply-chain disruptions, labor shortages and inflationary pressures.” (Feb. 2)
Colgate-Palmolive Co. Chief Government Noel Wallace
“Clearly, we noticed a major acceleration in raw-material costs following the primary quarter in 2021. That continued to escalate as we went by the 12 months. And positively, primarily based on the place we thought we have been within the third quarter, we noticed important will increase shifting into the fourth quarter…So all of that’s now constructed into how we’re enthusiastic about 2022. And we count on uncooked supplies, fairly frankly, to peak within the first quarter.” (Jan. 28)
Alphabet Inc. Chief Monetary Officer Ruth Porat
“General, we did see power as we’re going by the 12 months as I indicated. There was broad-based advertiser power. There was sturdy client on-line exercise, and people have been actually the first drivers.” (Feb. 1)
Ralph Lauren Corp. Chief Working Officer Jane Nielsen
“This vacation particularly, what drove our outsized efficiency was actually our customers, which shopped early and shopped at full worth. So we received forward of the curve on the vacation, and we maintained that momentum by the vacation with out pulling important promotional levers. We have been a lot much less promotional this 12 months than we have been final 12 months.” (Feb. 3)
Capri Holdings Ltd. Chief Government John Idol
“Our full-price promoting is up dramatically…The well being of the buyer coming into our model, each new and current, is basically fairly sturdy.” (Feb. 2)
Scotts Miracle-Gro Co. Chief Government Jim Hagedorn
“Our most up-to-date consumer-sentiment information…tells us customers proceed to see gardening as vital to their life. It additionally tells us they plan for his or her spending ranges to be in line with final 12 months, an vital reality given the general quantity of inflation within the financial system.” (Feb. 1)
PulteGroup Inc. Chief Monetary Officer Bob O’Shaughnessy
“Clearly, inflation is actual. And perhaps principal amongst that, apparently, is lumber, which had trended down. We’re getting a little bit little bit of a tailwind within the first half of the 12 months, however pricing has moved proper again up. And in order that’s influenced the again half of the 12 months. However I might let you know…we’re projecting 6% to eight% improve in enter prices for the home.” (Feb. 1)
Illinois Software Works Inc. Chief Monetary Officer Michael Larsen
“We’ve additionally not likely seen something to counsel that these inflationary pressures are slowing down. However to be sincere with you, it’s a extremely unsure setting right here…so it’s actually troublesome to foretell what we’ll find yourself for the 12 months.” (Feb. 3)
Match Group Inc. Chief Government Shar Dubey
“There’s nonetheless a hesitancy amongst new customers who’ve by no means tried courting apps earlier than to interrupt into the class.…So, not like classes like, say, on-line groceries, as an example, the place [the] pandemic pulled ahead new customers, for us, nonusers breaking into the class, even at a standard cadence, it’s nonetheless to come back. And we really feel optimistic that if Omicron really is what causes the shift from a pandemic to endemic, and if issues do certainly return to extra regular in spring and summer time, we’re well-positioned to have the ability to capitalize on it.” (Feb. 2)
Quotes have been obtained from transcripts supplied by FactSet.
Supply: Live Mint