procter
New York (AFP) - Consumer goods giant Procter & Gamble painted a mixed picture in its earnings report Tuesday, as price hikes supported revenue growth but customers appeared to pull back in some purchases. The company behind Bounty paper towels, Gillette razors and Tide detergent saw its revenue rise three percent from a year ago to $21.4 billion in the quarter ending in December. This was slightly lower than expected, and analysts are eyeing the performance of P&G and other consumer companies on whether they can keep prices up even as inflation cools. P&G also reported that earnings per share...
AFP
New York (AFP) - Procter & Gamble reported solid earnings Friday, on increased sales driven by higher prices on its consumer products as it described persisting cost pressures on raw materials. The company, which makes Bounty paper towels and Tide detergent, pointed to a "very difficult cost and operating environment" as it reported slightly higher profits in its fiscal third quarter. Its profits rose one percent to $3.4 billion, on a four percent increase in revenues to $20.1 billion. While there was a fall in sales volumes, this was offset by a 10 percent surge in product pricing -- boosting...
AFP
New York (AFP) - Procter & Gamble reported a dip in quarterly profits Thursday, following a decline in sales as the consumer products giant offset lower volumes with price increases. Executives described consumers as generally resilient as the maker of Bounty paper towels and Tide clothing detergent reported profits in line with analyst expectations. Chief Executive Jon Moeller said results were "solid" despite a "very difficult cost and operating environment" in which some raw materials remained under inflationary pressures and the strong dollar stayed a headwind. Overall profits declined sev...
AFP
New York (AFP) - Procter & Gamble turned in another solid quarter Wednesday as it pointed to indications that consumers are mostly sticking with leading household brands despite higher prices. The maker of Crest toothpaste and Bounty paper towels, P&G saw a slight dip in profits due to cost pressures as it trimmed its sales forecast because of the strong dollar. But results topped analysts; expectations as executives expressed confidence in the company's ability to navigate what they described as a "very difficult" cost and operating environment. "When we look at the aggregate picture, we fee...
AFP
New York (AFP) - Procter & Gamble reported another quarter of strong sales growth Wednesday and expressed confidence it would keep up the good run after the coronavirus pandemic has waned. P&G, which makes Mr. Clean, Tide, Pampers and other household goods, lifted its full-year profit and sales targets after scoring an eight percent sales jump in the second quarter. The consumer products giant has garnered higher sales of cleaning products and other home care items during the pandemic, but some categories have suffered, such as deodorant and adult incontinence products, executives said. Those ...
AFP
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