Cleaning boom gives P&G full year outlook a boost
The company also raises its buyback target to $10bn worth of shares in 2021
20 January 2021 - 17:20
Bengaluru — Procter & Gamble raised its full-year sales forecast for a second time on Wednesday as it benefited from sustained coronavirus-driven demand for cleaning products, while also warning that the pace of sales might slow as vaccines roll out.
The Cincinnati-based conglomerate reported an 8% rise in net sales for its second quarter, slower than 9% growth in the first quarter but showing the boom in household cleaning purchases was continuing...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.