Why Procter & Gamble Might Be Done Raising Prices
When Procter & Gamble (NYSE: PG) raises its prices, people notice. The company owns dozens of leading brands that consumers use daily, including laundry products, home cleaning supplies, toothpaste, and paper towels, to name just a few. Even modest price hikes in these staples can translate into significant pressure on family budgets.
But its price boosts could soon be coming to an end. P&G hinted at this shift in a recent earnings report covering the selling period that ended in late September. Let's take a closer look at the pricing outlook, and how it might impact investors' returns from here.
At a glance, not much appeared to change for P&G's business through late September. Organic sales growth held steady at 7% this quarter, keeping the company on pace to expand at a roughly 5% rate for the full 2024 year. Price increases were unchanged as well, landing at 7% during the period.
Source Fool.com
