Procter & Gamble (PG) showed once again its ability to raise prices on its many household staples without damaging sales volume — one of the key reasons to own this stock in an uncertain economic environment.
The company also delivered organic growth in all product categories and across all geographies in which it operates.
Foreign exchange was a 3 percentage point headwind not reflected in organic growth.
At the company level, the team has now notched seven straight quarters of 5% or better organic sales growth.
Notably, all 10 major product categories posted organic sales growth in the quarter, with five growing double digits.
Persons:
Gillette —, it's, Jim Cramer's, Jim Cramer, Jim, Proctor, Tiffany Hagler
Organizations:
Procter, Gamble, Tide, Management, Enterprise, CNBC, Gamble Co, Geard, Bloomberg, Getty
Locations:
buybacks, U.S, China, Europe, America, Hastings, Hudson , New York