Procter & Gamble Had a Blowout Quarter. Time to Buy the Stock?
Consumers aren't turning away from expensive, branded consumer staples. That was the headline takeaway from Procter & Gamble's (NYSE: PG) recent earnings report, which featured the fastest organic sales growth on record for the business.
P&G's fiscal third quarter, which runs through late March, put the company on pace to beat its earlier growth outlook. Earnings are on track to meet that forecast too, despite accelerating inflation. But management made some cautious comments about growth challenges ahead as shoppers start becoming more price sensitive.
Let's dive right in.
Source Fool.com
