The Rising Influence of Rising Affluence

[DewDiligence]

PG beats, raises guidance:

https://www.wsj.com/articles/p-g-posts-another-quarter-of-strong-sales-gains-11571744680

https://www.wsj.com/articles/p-g-wipes-the-floor-with-rivals-11571761260

P&G notched its best quarterly sales gains in its beauty segment, where organic sales increased 10% in part on higher demand for skincare products in China, namely its high-end SK-II brand.

… gains in the health-care unit were buoyed by strong sales of brands acquired as part of last year’s $4.2 billion deal to buy the consumer-health business from Germany’s Merck KGaA, which added vitamins and food supplements to its lineup of over-the-counter medicines.