Procter & Gamble sounds warning after strong quarter


Procter & Gamble manufacturer of Tide laundry detergent and Pampers diapers, forecasts slowest sales growth in years as consumer belt begins to hit household items.

The outlook 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 pillars from toothpaste to toilet paper.

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