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Procter & Gamble tops earnings, revenue estimates even as higher prices drive some consumers away - TL;DR CNBC

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: earningsretail industrymarketsbreaking news: earningsbusinessbusiness newsdividendsbreaking news: businessprocter & gamble cobreaking news: markets

Source: https://www.cnbc.com/2023/10/18/procter-gamble-pg-q1-2024-earnings.html


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