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AP National Business

P&G’s sales climb in Q4, but cautious on fiscal 2023 outlook

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Published 7:43 AM

By MICHELLE CHAPMAN
AP Business Writer

Procter & Gamble’s sales rose 3% in the fiscal fourth quarter, but the world’s largest consumer products maker gave a lackluster fiscal 2023 sales forecast as it contends with rising commodity and freight costs. P&G’s revenue climbed to $19.52 billion from $18.9 billion during the quarter, helped by higher prices. This topped the $19.39 billion that analysts surveyed by Zacks Investment Research were looking for. For fiscal 2023, P&G foresees sales to be flat to up 2% from the prior year.

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