Procter & Gamble (P&G) reported $19.75B revenue, up 8% YoY, and $3.85B profit for its recent quarter. The company’s e-commerce sales increased by more than 50% over the last two quarters.

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• Sales from the company’s home-care unit rose by 30%, the grooming unit rose by 5%, and healthcare unit increased by 9%. In terms of markets, sales in the U.S. and China grew by 12%.
• The company has increased its previous estimate of 5-8% revenue growth to 8-10% for the current fiscal year. However, it noted that the stimulus plans might lead to more sales, but a return to normalcy could slow growth. 
• The company’s stocks fell by 1% on the news announcement.