The Procter & Gamble Co.’s earnings report for the fiscal 2023 third quarter is stoking investor confidence as US consumer sentiment remains strong despite price increases, and China claws back from COVID-related lockdowns.
P&G’s Fiscal Third Quarter Buoyed By US Consumer Loyalty, China Recovery
Procter & Gamble Co. reports net sales in the fiscal third quarter advanced 4% reported, 7% organically. US consumers are sticking with the firm’s brands, including Pantene and Vick’s, despite higher pricing taken through March, while China shows steps in recovery with 2% organic growth in the quarter.
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