Earnings Results
U.S. consumer is holding up and not trading down to cheaper private-label products, says CEO
Procter & Gamble’s third-quarter earnings got a lift from higher prices.
Procter & Gamble Co.’s stock rose 3.5% Friday after the consumer goods giant’s fiscal third-quarter results topped Wall Street’s estimates, boosted by price hikes for household items like Tide detergent, Bounty kitchen paper and Pampers diapers.
The company PG said it raised prices by about 10% across its brands, which are grouped into beauty, grooming, healthcare, fabric & home care, and baby, feminine and family care.
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