The Rising Influence of Rising Affluence

[DewDiligence]

PG ekes out 1% pricing gain—contributing to 4% YoY organic growth:

https://www.wsj.com/articles/p-g-raises-outlook-after-another-quarter-of-strong-sales-11548246912

The maker of Tide detergent and Gillette razors said organic sales, a closely watched metric that strips out currency moves, acquisitions and divestitures, rose 4% in the fiscal second quarter. Organic sales were boosted by 1% due to higher pricing.

Beauty products fueled the gains, with organic sales rising 8%...

…Only the Gillette razor business posted a decline in organic sales in the latest quarter.

Gillette has been beset by subscription plans from low-price competitors, so its decline is not surprising.

For multinational consumer-products companies, any positive YoY pricing comparison has been rare.