Procter & Gamble reported quarterly earnings and earnings that outperformed analysts on Tuesday, suggesting that its clients continue to pay for price increases this year.
increased 1% to $ 16.46 billion, exceeding expectations of $ 16.37 billion.
The strongest business units are still the beauty care business, which includes SK-II's and Olay's premium skincare brand. The tissue and household care and health care sectors, which include Crest toothpaste, also performed well.
The Nursing business, which includes the Gillette brand, remains cautious, although sales declined compared to the previous quarter. Organic nursing sales were down 1%, compared to a 3% decline in the second quarter.
The company said that its shampoo product sales were up year-on-year, but benefited from higher sales in more developed areas and price increases, which helped offset volume declines. The volume of the units takes into account the effects of price and currency fluctuations.
The owner of Tide Detergent said on Tuesday that he expects organic sales to grow by 4% in 2019 and not in the range of 2% to 4%. Total revenue is expected to increase to 1% in 2018.