As inflation hits the consumer goods space, it's time to start focusing on companies with pricing power. How is bellwether P&G doing?
Procter & Gamble (NYSE: PG) recently announced fiscal second-quarter results that featured surprisingly strong sales growth tempered by just a modest pinch from soaring inflation. The owner of dozens of staple consumer brands, including Bounty and Tide, won market share even compared to booming results a year ago. Management raised its growth and cash flow outlook, while confirming their short-term earnings forecast.
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