Pandemic-driven cleaning routines boost P&G sales forecast again

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Procter & Gamble Co raised its full-year sales forecast for a second time on Wednesday as the consumer products giant benefited from a sustained ...

Procter & Gamble Co raised its full-year sales forecast for a second time on Wednesday as the consumer products giant benefited from a sustained high level of demand for its home care and cleaning products due to the COVID-19 pandemic.

FILE PHOTO: Procter & Gamble's Oral-B toothbrush heads are seen in a store in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly/File Photo GLOBAL BUSINESS WEEK AHEADREUTERS: Procter & Gamble Co raised its full-year sales forecast for a second time on Wednesday as the consumer products giant benefited from a sustained high level of demand for its home care and cleaning products due to the COVID-19 pandemic.

P&G said it expects full-year sales to rise 5per cent to 6per cent, compared with a prior forecast of a 3per cent to 4per cent increase.

 

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