Procter & Gamble hiked prices — and then Pampers and Bounty sales dipped
by Quartz Africa
Quartz Africa— Shares of consumer goods giant Procter & Gamble (P&G) slipped during Friday morning trading, after price hikes on certain products kept the company from reaching revenue expectations in its fiscal third quarter. Procter & Gamble stock fell about 1% following the company’s most recent quarterly earnings report. The company hiked prices by an average of 3% in the third quarter, resulting in mixed results for different product categories. P&G’s biggest earner — baby, feminine and family care...
@Marketplace—Higher prices have been depressing sales for Procter & Gamble. Consumers are experiencing price fatigue, one economist says.
The Cerbat Gem—Procter & Gamble (NYSE:PG) Stock Price Down 0.3%. The Procter & Gamble Company (NYSE:PG – Get Free Report) traded down 0.3% on Monday . The company traded as low as $160.68 and last traded at $160.87. 912,166 shares traded hands during trading, a decline of 87% from the average session volume of 6,881,403 shares. The stock had previously closed at $161.29. Analyst Ratings […]
CNBC—Procter & Gamble raises earnings forecast but quarterly sales disappoint. The Tide owner's quarterly volume was flat for the second consecutive quarter.