Pandemic-driven demand for cleaners, soap and detergent fueled Procter & Gamble’s sales gains, but the company warns of slower growth ahead
Procter & Gamble Co., maker of household staples from Tide detergent to Charmin toilet paper, posted its strongest annual sales gain since 2006 as the pandemic kept the world’s consumers at home and vigilant about cleaning.
Demand in the U.S. for cleaning and paper products continued to surge through the spring and early summer, while the reopening of China, P&G’s second-biggest market, drove sales there. P&G executives said the company’s efforts in recent years to overhaul itself by shedding weaker brands and...
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