Procter & Gamble sounds a warning after a strong quarter

Procter & Gamble maker of Tide laundry detergent and Pampers diapers, is forecasting its slowest sales growth in years as consumer belt-tightening begins to hit household staples.

The outlook comes after the Cincinnati-based consumer products giant on Friday reported its biggest annual sales increase in 16 years due to price increases it placed on mainstays from toothpaste to toilet paper.

Source link

Back to top button