Tide by Procter & Gamble on sale at a Ralphs grocery store in Pasadena, California.
Mario Anzuoni | Reuters
Recent Club addition Procter & Gamble (PG) on Wednesday reported quarterly earnings and sales that beat Wall Street's expectations, as the consumer goods powerhouse was able to pass along higher prices to offset the impacts of rising inflation.
The company reported net sales of $19.38 billion, a gain of 10% over last year and well above the $18.73 billion expected by analysts. Earnings per share were $1.33 adjusted, compared to the $1.29 sought by the Street.