Procter & Gamble Co raised its annual sales forecast on Wednesday, as the consumer goods giant benefits from higher prices and resurgent demand for cleaning products due to a spike in COVID-19 infections.
The company’s blue-chip stock rose nearly 1 percent in premarket trading as a better-than-expected 6 percent jump in quarterly sales helped cushion the blow from a bigger-than-previously forecast increase in annual freight and commodity costs.
