P&G's uneventful quarter, guidance overshadows compelling execution

Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California.

Mario Tama | Getty Images

Club holding Procter & Gamble (PG) reported fiscal second-quarter results largely in line with expectations before the opening bell Wednesday. We like what we’re seeing here and believe that underlying dynamics at the consumer staples giant point to a better quarter than the headline numbers would indicate. P&G is the consumer goods powerhouse behind Tide, Pampers, Bounty, Tampax, Gillette, Head & Shoulders, Old Spice, Dawn, Crest, Vicks and many other brands we can’t live without.

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