Procter & Gamble Says Shoppers Are Unbowed by Higher Prices

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Procter & Gamble reported another quarter of strong sales growth as consumers, undeterred by higher prices, loaded up on household staples

, loaded up on household staples from Gillette razors to Tide detergent.

Pricing on average rose 3% in the latest quarter, P&G said, and price increases accounted for half the company’s revenue growth in the period. Higher volumes accounted for the other half. P&G, which has posted more-consistent sales gains than its rivals throughout the pandemic, raised its revenue forecast for the fiscal year ended June 30, even as the company said costs will be higher than anticipated.

 

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Thank You Joe! And Mayor Pete!

Derp... Ya don't say.. Gotta keep things clean

Got to clean clothes, bedding and what not . If anything I have stocked up thinking that we might have a shortage occur and I will still need to wash. Fighting a virus - I take off clothes toss in washer then shower as soon as I come home.

Corporate Greed

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