Procter & Gamble is one of the largest consumer goods companies in the world, making dozens of brand-name products such as Pampers diapers, Tide detergent and Gillette razors.
Yesterday, P&G reported a profit of $4.52 billion for the quarter, up 14.7% from the same period last year. For roughly two years, P&G has been raising prices on its products like Tide detergent and Charmin toilet paper.
“For obvious reasons we don't comment on the future direction of pricing, but I will tell you that we're happy with where we sit currently,” CEO Jon Moeller said. “The consumer continues to be remarkably resilient,” Chief Financial Officer Andre Schulten said in an interview.