But homebound consumers are shaving less, and the grooming unit was the only unit to post organic sales declines in the quarter
Procter & Gamble's Oral-B toothbrush heads on sale in New York, the US. Picture: REUTERS/ANDREW KELLYProcter & Gamble posted a surge in sales this spring as higher at-home consumption of laundry detergent and dish soap plus continued stockpiling gave the consumer-staples giant a boost. But the pace of growth may slow from here.
“There’s nothing accidental in the results,” CFO Jon Moeller said in an interview. “We’ll carry this momentum forward into next year.” Moeller said sales growth around household and personal hygiene items would continue as long as consumers spent more time at home. Although P&G is still working to catch up with demand for its Charmin tissue paper and Bounty paper towels, the company is being flexible with its supplies by offering various-sized packages to keep shelves stocked. P&G also benefited from recovering sales in China, which Moeller says is “rebounding very nicely”.
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