Reported about 1 month ago
Procter & Gamble reported better-than-expected fiscal Q1 earnings, driven by a strong US consumer market and a rise in prices despite criticism around shrinkflation—the practice of reducing package sizes without lowering prices. CEO Jon Moeller highlighted the company's commitment to satisfying consumer needs, while defending their pricing strategies in the face of ongoing scrutiny from political figures regarding price gouging and shrinkflation practices.
Source: YAHOO