Procter & Gamble sounds warning after Strong Quarter

Updated July 29, 2022 at 11:22 a.m. ET

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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.

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