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Stock impact report

P&G wipes up in the first quarter as consumers stockpile hygiene products [Toronto Globe and Mail (Ontario, Canada)]

Procter & Gamble Company (The) (PG) 
Last procter & gamble company (the) earnings: 4/17 07:00 am Check Earnings Report
P&G wipes up in the first quarter as consumers stockpile hygiene products Sales at P&G's fabric, home care unit sales rose 8 per cent. Andrew Kelly/Reuters Sales at P&G's fabric, home care unit sales rose 8 per cent. Procter & Gamble Co. beat Wall Street expectations for quarterly profit on Friday as it reported its best U.S. sales growth in decades thanks to consumers stockpiling cleaning essentials in preparation for coronavirus lockdowns. Laying out details of a huge surge in demand for hand soaps, Tide antibacterial spray and other detergents, chief financial officer Jon Moeller said U.S. consumers stuck in their homes were doing more laundry and washing their dishes more often. Organic sales in the United States grew 10 per cent in the company’s third quarter to the end of March and global net sales rose about 5 per cent to US$17.21-billion. “We’re seeing as much as a 20 per cent increase in consumption across categories,” Mr. Moeller said on a call with analysts. One of the w Show less Read more
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