Procter & Gamble revenue and profit fall as company looks to higher prices to offset declining sales
Publishing timestamp: 2023-01-19 11:11:40
Summary
Procter & Gamble reported a decrease in revenue and profit on Thursday, as higher prices were not enough to offset dropping sales volumes. All divisions reported a decline in sales volume. The company slightly increased its outlook for 2023 sales growth, but remains cautious heading into the second half of the year.
Sentiment: NEUTRAL
Tickers: PG,
Keywords: china, breaking news: business, retail industry, business, breaking news: earnings, metals and minerals industry, procter & gamble co, earnings, business news,
Source: https://www.cnbc.com/2023/01/19/procter-gamble-pg-earnings-q2-2023.html