Procter & Gamble Co

PG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$556.00	Blgtr	Xrtcwvyrv

Procter & Gamble Earnings: Sales and Margins Pop, but Competitive and Macro Headwinds Loom

Erin Lash

Oct 18, 2023

We think the main question heading into Procter & Gamble’s first quarter was how volumes fared against increased competition and a cash-stretched consumer. And in our view, the strength of its portfolio and standing with retailers was evident, as organic sales jumped 7%. Impressively, volumes edged down just 1% on a 7% benefit from higher prices.

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