Procter & Gamble’s Earnings Show Its Price Hikes Aren’t Working Anymore
Net sales of $21.7 billion were below the consensus estimate of $21.99 billion and fell 1% from the year-ago quarter. Volume was flat, while prices rose 1%.“Our organic sales growth, earnings and cash results in the first quarter keep us on track to deliver within our guidance ranges on all key financial metrics for the fiscal year,