|Day's range||56.30 - 57.40|
Consumer staples stocks like Walmart (NYSE: WMT) and Procter & Gamble (NYSE: PG) are leaders in their respective industries, making them excellent stocks to consider if you're in the market for stable sales growth and rising dividend income, no matter which way the economy is headed. Walmart's comparable-store sales were up 8% in the core U.S. market last quarter, putting it well ahead of Target and roughly on pace with Costco Wholesale. P&G posted a 5% organic sales boost in the period that ended in late December and has been modestly outgrowing rival Kimberly-Clark over the past full year.
The soap and cleaning materials industry looks poised for growth on robust demand, pricing initiatives, innovation, digital transformation and brand building, while elevated costs remain headwinds. Players like PG, CL, HENKY, CHD and CLX seem well-poised.
Procter & Gamble (NYSE: PG) is about halfway through its fiscal 2023, and investors can already see clear themes emerging about its growth opportunities. On the bright side, P&G expects strong sales gains even after two consecutive years of above-average growth. Procter & Gamble's latest earnings update showed a 5% organic sales boost for the period that ended in late December.