P&G gains as Omicron sparks a cleaning frenzy
Resurgent health worries are proving a boon for Procter & Gamble.
That's because they've sparked a cleaning frenzy.
Demand for brands like Tide and Mr Clean has soared.
Consumers have stocked up on everything from detergents to surface wipes.
Now P&G is raising its annual sales forecast as a result.
The consumer goods giant expects sales to rise as much as 5% this year - up from an earlier forecast of 2-4%.
Over its second quarter, net sales rose to almost $21 billion, beating forecasts.
Sales in its fabric and home care division - the firm's biggest unit - were up 7%.
A more intense flu season also saw sales of personal health products jump by around a fifth.
It's all a timely boost for P&G, which has been battling surging costs for commodities, freight and foreign exchange.
The company says it expects to take a hit of around $2.8 billion over all three this year.
