Procter & Gamble tops earnings, revenue estimates even as higher prices drive some consumers away
Publishing timestamp: 2023-10-18 09:41:50
Summary
Procter & Gamble (P&G) reported quarterly earnings and revenue that exceeded expectations. However, the company's volume has been declining for six consecutive quarters due to higher prices, leading some consumers to choose cheaper alternatives. P&G remains optimistic about future volume growth and has widened its revenue outlook for fiscal 2024.
Sentiment: MIXED
Tickers: PG,
Keywords: earnings, retail industry, markets, breaking news: earnings, business, business news, dividends, breaking news: business, procter & gamble co, breaking news: markets,
Source: https://www.cnbc.com/2023/10/18/procter-gamble-pg-q1-2024-earnings.html