One in five of the world’s largest consumer products companies recorded a loss in the fiscal year 2008 (encompassing years ended through 30 June 2009), according to this new report from Deloitte. The report ranks the 250 largest consumer products companies by net sales and reveals that 44 of the 222 companies to disclose profit/loss figures operated at a loss. This compares with just 13 of 223 companies in fiscal year 2007. 88 of the top 250 companies experienced a declining sales growth rate, with 32 suffering declining sales and recording a loss.
The full report is available from the Deloitte website.