High raw material costs limited the margin gains even as the company spent less on advertising during the quarter. The raw material cost grew 5% on year and constituted 49.6% of the revenues, driven by inflation in tea and crude palm oil prices. The company’s ad spends declined 15% on year with these spends standing at 9.5% of net sales.
Average pay of CEOs of S&P 500 companies rose to record $22.8 million following Elon Musk’s nearly $1 trillion compensation, AFL-CIO finds
Elon Musk’s compensation is setting new benchmarks for S&P 500 executive pay. Average CEO pay rose significantly, even as employee wages are facing pressure from
August 13, 2026