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P&G’s Price Hikes Offset Slowed China Growth

For the fourth quarter, Procter & Gamble saw net sales of $20.6 billion, an increase of five percent year-over-year.
Procter & Gamble Co. sold fewer household staples than expected last quarter as consumers grew more cautious about higher prices.
Procter & Gamble Co. sold fewer household staples than expected last quarter as consumers grew more cautious about higher prices. (Shutterstock)

The Olay, Gillette and Pantene owner reported 2023 fiscal year net sales increased two percent to $82 billion.

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