Salem Radio Network News Thursday, December 2, 2021

Business

P&G beats quarterly sales estimates, warns of higher supply chain costs

(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)

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