Price hikes across the board continued to spice up sales at Procter & Gamble during its fiscal fourth quarter.
The patron goods giant, whose brands include Oral-B, Head & Shoulders, Olay, Gillette and Pampers to call just just a few, reported net sales between April and June were $20.6 billion, a rise of 5 percent versus the prior 12 months and a touch above the $20 billion forecasted by analysts polled by Factset.
Organic sales, which exclude the impacts of foreign exchange and acquisitions and divestitures, increased 8 percent, attributable to a 7 percent increase from higher pricing as P&G, like much of the industry, continues to lift prices within the face of high inflation. Nonetheless, volume sales slipped 1 percent.
Inside that,...
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