Profit Procter & Gamble raises profit forecast as consumers continue to splurge on Tide and Dawn – what’s next for the consumer goods giant?
CINCINNATI, OHIO – Procter & Gamble has revised its yearly profit forecast, citing lower commodity costs and continued strong consumer demand in the United States and Europe for its premium products like Tide detergent and Dawn dish soap. Despite falling short of analyst expectations in terms of third-quarter net sales, the company has managed to increase its bottom line, benefiting from reduced raw material prices post-pandemic peaks. In the U.S., where volumes grew by approximately …