🛒 Can P&G Expect Consumers To Keep Buying?
Twitter re-examines Musk's bid.
Hey Global Investor! Here's what you need to know before the US markets open.
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🔥 Top Movers
🛒 P&G: The Inflation Gamble?
Consumer products giant Procter & Gamble Co. (PG) reported its biggest organic sales growth on record. However, inflation and economic uncertainty loom large in the background. It took P&G a decade to recover from one economic downturn. Can it withstand another?
Increased Prices? No problem!
Consumer prices in the US have shattered 40-year records as they climbed 7.5% in January, 7.9% in February, and 8.5% in March. The Producer Price Index ended 2021 with a reading of 9.7%, the highest calendar-year increase ever since data began to be reported in 2010. Companies such as P&G felt the impact even before the official figures were reported, owing to their proximity to consumers.
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