Associated Press
P&G’s sales climb in Q4, but cautious on fiscal 2023 outlook
Procter & Gamble’s sales rose 3% in the fiscal fourth quarter, but the world’s largest consumer products maker gave a lackluster fiscal 2023 sales forecast as it contends with rising commodity and freight costs. Shares of the Cincinnati-based company dropped 5% in morning trading Friday. Like many businesses, P&G is dealing with consumers pulling back on their spending as they worry about inflation and a possible recession.