P&G's earnings show higher-priced household items haven't turned consumers away
Procter & Gamble’s price hikes boosted its earnings in the latest quarter, the company reported Tuesday, indicating that inflation-battered consumers haven’t turned away from the company’s higher-priced household items.Aside from price increases largely fueling sales growth, shoppers also bought more products across P&G’s beauty lines and health and family care offerings.P&G said that its organic sales rose 4% in the second quarter of its 2024 fiscal year compared to the same period in 2023. The sales metr ...