The epidemic stimulated the demand for cleaning products. P & G's sales in the third quarter increased by 9% year-on-year
release date: Source: Wall Street news
recently, P & G's 2012 financial report said that the company's net sales in the third quarter was $19.3 billion, a year-on-year increase of 9%, and its net income in the third quarter was another $4.31 billion, a year-on-year increase of 20%. Among them, small and medium-sized projects are still the main objects of utilization, and the fastest is P & G's household cleaning products, whose sales increased by 30%
the financial director of P & G said: "During the epidemic period, the factors driving the demand for cleaning products have changed. On the one hand, because the vast majority of people in the second transmission mode can not guarantee the synchronization of transmission time at home, so people expect a cleaner living environment; on the other hand, during the epidemic period, people's budget is not spent on tourism and leisure and entertainment activities, so they have more budget to spend on cleaning products."
P & G raised its sales and profit growth expectations for the fiscal year ending June 2021. Currently, it is expected that the annual net sales will increase by 4%-5%, compared with 2%-4% previously