The Most Impressive Part of Procter & Gamble's Earnings
A cursory look at the news will tell you that inflation is a big issue today, with a quick trip to the local grocery store confirming that fact as buying daily necessities drains more and more cash from your wallet. This is a terrible backdrop for consumer goods stocks, which are facing rising costs of their own. The big question is how well they can pass those costs on to consumers.
Procter & Gamble's (NYSE: PG) latest earnings report strongly suggests it has a leg up on this process.
Image source: Getty Images.
Source Fool.com
