The chief executive of Club holding Procter & Gamble (PG) on Thursday said inflation appears to be easing and pressure from a strong U.S. dollar abating — comments that only reinforce our view that the consumer staples giant is a solid name to own in 2023. Speaking from the World Economic Forum’s annual meeting in Davos, Switzerland, CEO Jon Moeller told CNBC that input costs are “leveling out,” with prices rising at a “lower rate than they were previously.” Though, he cautioned that could take time to be reflected on the company’s income statement. “To the extent that all of these costs normalize, the dollar pressure subsides, that’s going to be a wonderful opportunity to invest in this business,” Moeller said. Like many U.S. multinationals, P & G has been weighed down by a strong U.S. dollar, making products more expensive abroad, and record-high inflation that sapped demand. The CEO’s comments come on the same day P & G released fiscal second-quarter earnings . The results showed organic revenue — excluding the impact of foreign exchange, acquisitions and divestitures — increased 5% year-over-year, as higher pricing made up for weaker consumer demand. At the same time, Procter & Gamble, whose high-quality consumer products include Tide, Pampers and Gillette, has been able to increase its value proposition to shoppers by broadening its portfolio to offer products at a range of price points. “Our shares are holding because we’ve transformed our portfolio to offer trade-down opportunities when consumers want them within our brands,” Moeller said. “We’re much better positioned to deal with trade down…but we’re not seeing a lot of it,” he added. Moeller also suggested demand would pick up this year as China’s economy fully reopens, while saying the state of the global economy “doesn’t look honestly horrible.” Shares of Procter & Gamble were trading down 0.6% midday Thursday, at $144.63 apiece. Bottom line Moeller offered a welcomed upbeat take on the economy and P & G’s potential for growth in 2023. P & G remains a stock we prefer amid economic uncertainty, as its consumer products are essential in any economic environment. We also like that the company has offered multiple price points for shoppers searching for more affordable options, particularly amid signs of softer demand. We hope to see profits margins expand in 2023, as input costs come down and the dollar continues to retreat. (Jim Cramer’s Charitable Trust is long PG. សូមមើលនៅទីនេះសម្រាប់បញ្ជីភាគហ៊ុនពេញលេញ។) ក្នុងនាមជាអ្នកជាវ CNBC Investing Club ជាមួយ Jim Cramer អ្នកនឹងទទួលបានការដាស់តឿនពាណិជ្ជកម្មមុនពេល Jim ធ្វើពាណិជ្ជកម្ម។ លោក Jim រង់ចាំ 45 នាទីបន្ទាប់ពីការផ្ញើការជូនដំណឹងពាណិជ្ជកម្មមុនពេលទិញឬលក់ភាគហ៊ុននៅក្នុងផលប័ត្រនៃការទុកចិត្តសប្បុរសធម៌របស់គាត់។ ប្រសិនបើលោក Jim បាននិយាយអំពីភាគហ៊ុននៅលើទូរទស្សន៍ CNBC គាត់រង់ចាំ 72 ម៉ោងបន្ទាប់ពីការចេញការជូនដំណឹងពាណិជ្ជកម្មមុនពេលប្រតិបត្តិពាណិជ្ជកម្ម។ ពត៌មានក្លឹបវិនិយោគខាងលើគឺស្ថិតក្រោមលក្ខខណ្ឌ និងលក្ខខណ្ឌរបស់យើង និងគោលការណ៍ឯកជនភាព រួមជាមួយការមិនទទួលខុសត្រូវរបស់យើង។ មិនមានកាតព្វកិច្ច ឬកាតព្វកិច្ចខាងសារពើពន្ធ ឬត្រូវបានបង្កើតឡើង ដោយផ្អែកលើការទទួលព័ត៌មានរបស់អ្នកដែលផ្តល់ឲ្យក្នុងការតភ្ជាប់ជាមួយក្លឹបវិនិយោគ។
In this photo illustration a Procter and Gamble logo seen displayed on a smartphone with stock market percentages in the background.
Omar Marques | ផ្លេកបន្ទោរ | រូបភាព Getty
The chief executive of Club holding Procter & Gamble (PG) on Thursday said inflation appears to be easing and pressure from a strong U.S. dollar abating — comments that only reinforce our view that the consumer staples giant is a solid name to own in 2023.