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via finance.yahoo.comBusiness & Companies

P&G beats estimates as price hikes have not yet hurt demand

FROM THE WIRE · FINANCE.YAHOO.COM

Procter & Gamble's (PG) price hikes aren't crushing a consumer base dealing with higher inflation, yet. The Tide maker delivered sales and profit upside for its fiscal first quarter on Thursday. The company maintained its full-year sales and profit outlooks. P&G shares rose 2%…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA mega-cap beat with a maintained full-year outlook matters for consumer staples sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Net sales were $23.28 billion, up 4%, versus $22.82 billion expected.
  2. 02Organic sales grew 4% against an estimate of 1.96%.
  3. 03The company maintained its full-year sales and profit outlooks; shares rose 2% pre-market.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
The Procter & Gamble CompanyPGStock157.00 USDMarket closedtoday -1.46%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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