Kewpie rises for 4th straight session on price hike announcement for household and commercial products from Nov. 1
Kewpie Corporation <2809> extended its winning streak to four consecutive sessions on Tuesday, bucking broader market weakness, after announcing on the 1st that it will raise prices on 224 household product items by about 3%-25% starting with shipments from November 1. The company also announced price hikes of 2%-38% on 601 commercial items. Buying interest was fueled by expectations that the price hikes will boost earnings.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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