Sales of laundry and dish soap, as well as toilet paper and paper towels have continued to be strong. P&G CEO David Taylor speaks to how consumer behavior has changed during the pandemic.
on Thursday reported strong quarterly revenue growth as consumers stuck at home bought more Tide laundry detergent and Mr. Clean products.
Excluding items, the company earned $1.16 per share, topping the $1.01 per share expected by analysts surveyed by Refinitiv.rose 4% to $17.7 billion, beating expectations of $16.97 billion. Organic sales, which strip out the impact of currency fluctuations, acquisitions and divestitures, rose 6% during the quarter.
Its beauty products, which include Olay and Pantene, saw organic sales growth of 3%. Organic sales of its pricey SK-II skincare line fell by double digits, driven by travel disruptions related to the pandemic. Looking to fiscal 2021, the company expects to see challenges continue as the world grapples with the pandemic.
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