P&G Raises Outlook as Price Hikes Offset Volume Drop

• Procter & Gamble reported higher quarterly earnings and sales, beating Wall Street's expectations.
• The company raised its sales growth forecast for the year due to price increases across its brands.
• P&G's volume declined but price hikes of about 10% helped boost revenue.
• The company said U.S. consumers remain resilient although people opted for some cheaper alternatives.
• P&G shares rose nearly 4% on the results and improved outlook.

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