2 Green Flags for Procter & Gamble Stock in 2023
It might be time to get excited about Procter & Gamble (NYSE: PG) stock again. The consumer staples titan recently announced strong quarterly earnings results highlighted by quickly rising organic sales and expanding profit margins.
Looking beyond those headline numbers reveals some positive and not-so-positive trends for investors to watch as they consider adding this dividend giant to their portfolios. Let's dive right in.
The biggest knock against the business in recent quarters has been P&G's reliance on price increases to drive all its growth. While that strategy demonstrates valuable pricing power, it isn't sustainable over long periods. And with inflation subsiding into late 2023, P&G won't have much room to keep boosting prices for long.
Source Fool.com
