2023-03-16 05:35:00 ET
Procter & Gamble (NYSE: PG) is about halfway through its fiscal 2023, and investors can already see clear themes emerging about its growth opportunities. On the bright side, P&G expects strong sales gains even after two consecutive years of above-average growth. Risks are rising, though, as consumers become more price sensitive and as costs continue rising.
With that backdrop in mind, let's take a closer look at the consumer staples giant's prospects for 2023 and beyond.
Procter & Gamble's latest earnings update showed a 5% organic sales boost for the period that ended in late December. Those gains kept the company in a strong market share position. For context, rival Kimberly-Clark (NYSE: KMB) reported a similar 5% uptick.
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Where Will Procter & Gamble Stock Be in 1 Year?