Procter & Gamble (NYSE: PG) is increasingly leaning on price hikes to drive all of its growth. That was the main takeaway from the consumer staples company's latest earnings report, which covered the quarter ending in late December.

The owner of hit global brands like Tide detergent and Pampers diapers announced a second straight quarter of falling unit sales volumes as shoppers became more cautious in their spending.

But P&G is succeeding in its wider sales and earnings ambitions for the year and is set to send lots of cash to shareholders in fiscal 2023. Let's take a look at whether the positives outweigh the negatives for this blue chip stock.

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Source Fool.com