Is Now the Right Time to Buy Procter & Gamble Stock?
Procter & Gamble (NYSE: PG) recently announced an earnings update that raised some big questions about the consumer staples giant's future. While sales are still on pace to grow this year following solid gains in each of the last two years, volumes are falling, and soaring costs are pinching profitability.
Let's dive into the latest report with an eye toward whether it changes the investing thesis for this dividend stock.
P&G posted a solid 7% organic sales increase that kept it right in line with the growth rate that investors saw over the prior 12-month period. However, looking deeper at that core metric reveals some warning signs.
Source Fool.com
