FILE PHOTO: Tide laundry detergent, a product distributed by Procter & Gamble, is pictured on sale at a Ralphs grocery store in Pasadena, California January 21, 2014. REUTERS/Mario Anzuoni
October 19, 2021
(Reuters) – Procter & Gamble Co beat quarterly sales estimates on Tuesday as easing of pandemic-related restrictions boosted demand for its personal care products, while the company warned of higher commodity and transportation expenses.
The Tide detergent maker said net sales rose 5% to $20.34 billion in the quarter ended Sept. 30, compared with analysts’ estimates of $19.91 billion, according to IBES data from Refinitiv.
(Reporting by Uday Sampath in Bengaluru; Editing by Shounak Dasgupta)
Source: One America News Network
