Procter & Gamble (NYSE: PG) isn't growing at a double-digit rate anymore, but the business is still among the most stable on the market. The consumer-staples giant said in a recent earnings update that sales expanded at a solid clip through late June despite soaring inflation and slowing economic growth.

P&G did face increasing pressure on its profits, and demand slowed in a few key niches. But there were some positive surprises in the earnings announcement, too.

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Source Fool.com