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Procter & Gamble sales rise slightly, fueled by higher prices - TL;DR CNBC

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: earningsbreaking news: businessrestaurantsmarketsbreaking news: marketsbreaking news: earningsfood and drinkbusiness newsprocter & gamble cobusinessretail industrydividends

Source: https://www.cnbc.com/2023/07/28/procter-gamble-pg-q4-2023.html


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