P&G beats earnings expectations but lowers sales forecast amid price hikes and slowing demand

P&G reported higher profit and sales in the latest quarter, fueled by price increases across brands like Crest and Pampers.
The company saw declines in volume for the fifth straight quarter, especially in health care and home care products.
P&G exceeded analyst estimates for earnings per share and revenue, benefiting from price hikes despite lower volumes.
The company forecasted growth in 2024 profit per share but projected slower sales growth than expected.
P&G increased prices by about 7% but still saw steady demand for its household brands like Tide.