- Trump rallies at site of failed assassination: 'Never quit'
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- Fans hail Trump's 'guts' as he returns to site of rally shooting
- Lebanon state media says 'very violent' Israeli strikes hit south Beirut
- Guardians maul Tigers, miracle Mets rally in MLB series openers
- Lebanon state media says Israeli strikes hit south Beirut
- Miami on track for MLS record points after win in Toronto
- Madrid beat Villarreal but Carvajal suffers knee injury
- Madrid beat Villarreal to move level with Liga leaders Barcelona
- Monaco take top spot in Ligue 1 with win at Rennes
- French rugby player on rape charge whistled but 'serene' on return
- Madrid beat Villarreal to level Liga leaders Barca
- Thuram treble fires Inter past Torino and up to second
- 'Fight': defiant Trump jets in to site of rally shooting
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- Israel on alert ahead of Hamas attack anniversary
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- Macron criticises Israel on Gaza, Lebanon operations
- French rugby player whistled but 'serene' on return amid ongoing rape case
- Kovacic stars as Man City sink Fulham to get title bid back on track
- Retegui hat-trick fires five-star Atalanta to hammering of Genoa
- Heavyweights Australia, England off to World Cup winning starts
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- Man City sink Fulham to get title bid back on track
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- Liverpool stay top of Premier League as Arsenal, Man City win
- In dank Tour of Emilia, Pogacar shines in rainbow jersey
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- Trump returns to site of failed assassination
- Careless Leverkusen held to Bundesliga draw
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- Toddler crushed to death in migrant Channel crossing
- Liverpool suffer Alisson injury blow
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- Liverpool extend Premier League lead with win at Palace
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- Child 'trampled to death' in asylum seekers' Channel crossing: minister
P&G profits up on strong consumer demand, higher pricing
Procter & Gamble raised its full-year forecast Wednesday as robust consumer demand enabled the company to notch higher sales even as it increased prices on consumer goods.
The maker of Tide detergent and Bounty paper towels, P&G saw a six percent jump in net sales in the quarter, with half of the increase coming from volume and half from higher prices taken to offset increased commodity costs.
"We are taking pricing generally," said P&G Chief Financial Officer Andre Schulten on a conference call with reporters, adding that "we've seen a good pass through of pricing" with retailers.
P&G highlighted strength in several premium items, such as teeth whitening goods and higher-priced grooming items.
A "more intense" flu season has increased demand for products to treat cold and cough symptoms, while cleaning supplies have continued to sell well during the pandemic, P&G said.
Net income for the quarter was up 10 percent at $4.2 billion on a six percent increase in revenues to $21 billion.
"We delivered very strong top-line growth and made sequential progress on earnings in the face of significant cost headwinds," said Chief Executive Jon Moeller.
"These results keep us on track to deliver our earnings outlook and to raise estimates for sales growth, cash productivity and cash return to shareowners."
Shares rose 0.8 percent to $158.00 in pre-market trading.
P.Costa--AMWN