P&G Says Inflation Isn't Stopping US Consumers From Buying at Higher Price Points
It turns out Procter & Gamble, the company which makes household staples like Tide detergent, Bounty paper towels, and Crest toothpaste, made more money last quarter because it raised prices on its household items, showing that even with inflation, people are still buying the company’s higher-priced products. During its latest quarterly earnings report on Tuesday (Jan. 23), the company also revealed that in addition to price hikes driving most of the sales growth, customers also purchased more items from P& ...