Earnings

Procter & Gamble sales disappoint as price hikes slow down

Procter & Gamble on Friday reported mixed quarterly results as it struggles to bring back shoppers after two years of hiking prices across its portfolio, from Tide detergent to Charmin toilet paper. The company's prices were up 3% compared with the year-ago period, although CFO Andre Schulten said on a media...

Earnings

Adidas shares rise 8% after first-quarter profit hike, improved outlook

  Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California. Justin Sullivan | Getty Images Shares of Adidas jumped 8.2% on Wednesday after the company unexpectedly raised its full-year guidance and reported a year-on-year profit increase in the first quarter. The German sportswear company...