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rdf:type	schema:NewsArticle
schema:articleBody	American body care and cleaning supplies giant Procter & Gamble reported another solid quarter of sales growth Tuesday amid elevated pandemic-related demand for some items as it announced price increases on select goods. The maker of Tide detergent and Crest toothpaste, P&G cited increased demand for home cleaning products during the Covid-19 pandemic, as well as higher sales for grooming appliances for shaving and styling. The consumer products giant also enjoyed a pickup in sales of hair care products in China, where performance was especially weak in the year-ago period due to pandemic-related shutdowns. "We delivered another quarter of solid top-line, bottom-line and cash results in what continues to be a challenging operating environment," said P&G Chief Executive David Taylor. Greater focus on strong product development and execution "enabled us to build strong business momentum before the Covid crisis and accelerate our progress during the crisis," Taylor said. Net income in P&G's fiscal third quarter was $3.3 billion, up 12 percent from the year-ago period, while revenues rose five percent to $18.1 billion. P&G said it plans price increases on baby care, feminine care and adult incontinence products in the United States "to offset a portion of the impact of rising commodity costs." The specific price increase will vary by product "in the range of mid-to-high single percentages" and will take effect in mid-September, the company said. Shares fell 0.4 percent to $136.10 about 40 minutes into Wall Street trading, regaining some earlier losses. jmb/cs/hs
schema:headline	P&G sales grow again amid elevated demand in pandemic
schema:mentions	Shaving Procter & Gamble Commodity Urinary incontinence Pandemic Coronavirus disease United States China Coronavirus disease 2019 Crest (toothpaste) Tide (brand) 40 Minutes Net income Momentum
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-20 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	82 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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