Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California.
Mario Tama | Getty Images
Procter & Gamble on Friday reported mixed quarterly results as the consumer products giant faced rising commodity costs and warned that it expects “significant headwinds” to persist for its fiscal 2023.
The Cincinnati-based maker of products including Pampers, Pantene and Tide said higher pricing during its fiscal fourth quarter offset a slip in sales volume, which it attributed primarily to pandemic-related lockdowns in China and reduced operations in Russia.
Shares of the company were down about 4% in premarket trading.