“A world in which all of the market growth is driven by pricing is obviously not sustainable,” CFO Andre Schulten acknowledged in P&G’s fiscal 2023 second-quarter earnings presentation. The firm remains focused on investing in its brands and driving household penetration while weathering economic headwinds and taking additional pricing in February.
Procter & Gamble Co. will continue taking pricing and reinvesting in its business and underlying strategies, viewing the current economic climate as a “bottom-line rough patch to grow through.”
CEO Jon Moeller addressed 2023 challenges in a 19 January presentation on the firm’s second-quarter results. “The world seems to...