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Workers Say Inflation Is Now the No. 1 Obstacle to a Comfortable Retirement

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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.