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Demand for cleaning products boosts P&G earnings

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US consumer products giant P&G posts a 30% jump in sales of disinfectants and detergents in the 1st quarter of its fiscal year.

The consumer products giant said sales of disinfectants and detergents jumped 30% in the 1st quarter of its fiscal year, with the division that includes toilet paper and paper towels seeing double-digit growth in every region.

The only soft spot linked to the pandemic was men's razors, and the company boosted expected earnings for the year. "Our near-term priorities continue to be employee health and safety, maximizing availability of P&G products for consumers around the world and helping society meet the challenges of the COVID crisis," P&G chief David Taylor said in the statement.

 

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