P&G boosts sales forecast again amid pandemic
Despite the challenges that has befallen the world, devastating businesses amid COVID-19 outbreak, consumer products giant, Procter & Gamble Co (P&G) seems to have been making edgeways as the company raised its full-year sales forecast for a second time on Wednesday, January 20, 2021.
In the spirit of business creativity, the consumer products giant was said to have benefited from a sustained high level of demand for its home care and cleaning products due to the COVID-19 pandemic.
P&G disclosed that the company is expecting full-year sales to rise 5% to 6% compared with a prior forecast of a 3% to 4% increase.
P&G, like many other companies, had been adapting its business to online for some time and this has been confirmed as a strategy currently aiding its business performance.
The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation with headquartered in Cincinnati, Ohio. The company specialises in a wide range of personal health/consumer health, and personal care and hygiene products; these products are organised into several segments including Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine, & Family Care.
P&G have its presence widely spread to many countries of the world including Nigeria.
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