P&G earnings impacted by CoViD-19

While most companies are shutdown and struggling to get by, Proctor and Gamble is reporting strong earnings in the midst of the coronavirus pandemic.

P & G sales are up more than 4 percent for the third quarter of the current fiscal year.

CEO Dave Taylor says the strong results are a direct reflection of the integral role P & G products play in meeting the daily health, hygiene and cleaning needs of consumers around the world.

The company has been able to boost production of its most in-demand products like Charmin toilet paper and Bounty towels by 22 percent in the past month.

At other factories, Moeller says P & G has been able to shift production to begin making hand sanitizer, masks and face shields.

The strong earnings means P&G is boosting its quarterly dividend by 6% to 79 cents per share.

P&G posts earnings increase.

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