P&G raises annual core profit forecast on resilient demand, price hikes

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P&G raises annual core profit forecast on resilient demand, price hikes
Household ProductsProcter & GambleCore Earnings
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Even as P&G raised prices of its products over the last two years, demand for its daily-use items such as big name brands Tide and Pampers has held steady. ...

- Procter & Gamble raised its annual core profit forecast on Friday on price increases and resilient demand for its cleaning and household products in the United States and Europe.

However, the focus has now shifted to the company's ability to increase volumes of sales as benefits from price hikes that added to sales growth start to wane. Don't buy the dip in stocks just yet as a wave of selling is about to bring the market to a bottom, according to one of the biggest bulls on Wall StreetSign up for a free trial today!

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