P&G Earnings Slip as Higher Prices Sap Sales Volumes



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After lifting prices to new heights, Procter & Gamble Co. Pronounced lower quarterly profits and declining sales volumes because the developing charges of Tide detergent and exclusive staples introduced about clients to reduce on purchases at the give up of 2022. 

Sales volumes fell 6% at P&G—the most important quarterly drop in years—with declines at every of the organisation’s 5 vital business units in the three months ended Dec. 31 in contrast with a 12 months earlier. P&G elevated fees thru 10% inside the duration, supporting the corporation document a five% improve in organic income, which exclude fore exchange swings and acquisitions.  

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