Procter & Gamble (NYSE: PG) stock is on sale right now. Share prices have declined by roughly 12% since the market started slumping in early 2022, reducing its valuation and boosting P&G's dividend yield in the process.

Does that drop make the consumer staples giant an obvious buy for investors today, or should you pass on this stock and look for growth elsewhere? Let's take a closer look.

At a glance, P&G's business looks like it is humming along with excellent momentum. Organic sales were up 5% in the most recent quarter after having jumped 7% in the prior fiscal year. Its focus on consumer staples is helping keep revenue rising even as shoppers pull back on spending in areas like consumer electronics and entertainment.

Continue reading

Source Fool.com