CNBC Investing Club

Investing Club: Procter & Gamble's pricing power leads to beats on the top and bottom lines

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.

More In CNBC Investing Club Newsletter

CNBC Investing ClubInvesting Club: The week in review, the week ahead — August 12, 2022
2 hours ago
CNBC Investing ClubHumana closed one deal and announced another — what it means for this Club name
CNBC Investing ClubWorried about being greedy? Here are 3 questions to ask before trimming a winner
4 hours ago