Reported about 1 month ago
Procter & Gamble (P&G) announced mixed financial results for the first quarter, with adjusted earnings surpassing expectations while revenue fell short. CEO Jon Moeller highlighted a 4% volume growth in North America despite rising commodity costs, focusing on the importance of offering value across different consumer needs. He also addressed the implications of 'shrinkflation', noting that smaller packaging can sometimes enhance affordability.
Source: YAHOO