Procter & Gamble’s sales increased 3% in the financial 4th quarter, however the world’s biggest customer items maker provided a uninspired financial 2023 sales projection as it competes with increasing product and freight expenses
Procter & Gamble’s sales increased 3% in the financial 4th quarter, however the world’s biggest customer items maker provided a uninspired financial 2023 sales projection as it competes with increasing product and freight expenses.
Shares of the Cincinnati-based business dropped 5% in earlymorning trading Friday.
Like numerous services, P&G is dealing with customers pulling back on their costs as they concern about inflation and a possible recession.
“The functional expense and currency difficulties we dealtwith over the last 2 years will continue in financial 2023.