Updated July 29, 2022 at 11:22 a.m. ET
Listen to the article
(2 minutes)
Procter & Gamble, maker of Tide detergent and Pampers diapers, is forecasting its slowest sales growth in years as consumer belt-tightening begins to affect household staples.
The forecast comes after the Cincinnati-based consumer products giant reported its biggest annual sales increase in 16 years on Friday due to price increases it placed on toothpaste mainstays in toilet paper.