2024-01-23 14:32:05
The American multinational Procter & Gamble (P&G), which notably markets Oral-B toothpaste, Pampers diapers and Gillette razors, reported lower sales than expected by analysts for its quarter ended December 31. Rising prices are weighing on consumer purchases.
Procter & Gamble’s quarterly turnover increased by 4%, less than expected by analysts, while its volumes fell for the seventh quarter in a row.
“What we saw last quarter were very low sales volumes in China, attributable to what we have been saying for a long time: a difficult economic recovery,” summarized CFO Andre Schulten.
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#Procter #Gamble #expected #analysts
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