2 Reasons Procter & Gamble Crushed It This Quarter
It's not terribly surprising consumer staples giant Procter & Gamble (NYSE: PG) managed to grow last quarter despite coronavirus-crimped conditions. Consumer staples like diapers, razors, detergent, and toothpaste are, by definition, goods people have to have regardless of the environment.
What is surprising is how much better P&G did given how the current economic backdrop doesn't exactly heighten or even alter the degree of need for consumables. There are two key reasons the company was able to log 9% sales growth -- organic as well as reported -- during its first fiscal quarter ending in September. Both are still in place, too, setting the stage for more outsized performances in the foreseeable future.
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Source Fool.com
