Procter & Gamble sales rise slightly, fueled by higher prices
Publishing timestamp: 2023-07-28 10:02:09
Summary
Procter & Gamble reported better-than-expected earnings and revenue for the quarter, driven by price hikes for products. However, the company's fiscal 2024 outlook for sales fell short of expectations. P&G's volume has been declining for five consecutive quarters, and the company is facing challenges in supply chains and input costs. Despite the mixed outlook, P&G's shares rose more than 2%.
Sentiment: MIXED
Tickers: PG,
Keywords: earnings, breaking news: business, restaurants, markets, breaking news: markets, breaking news: earnings, food and drink, business news, procter & gamble co, business, retail industry, dividends,
Source: https://www.cnbc.com/2023/07/28/procter-gamble-pg-q4-2023.html