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  • just when many companies have avoided issuing earnings outlooks, PNG raised its full year sales and profit forecast Wednesday for a second time.

  • The consumer products conglomerate keeps benefiting from huge demand for its home care and cleaning products.

  • People stuck indoors are cleaning and sanitizing their homes, washing their clothes and running their dishwasher more frequently than before.

  • And in doing so, they're opting to pay Mawr for Procter and Gamble's premium brands over store branded goods.

  • Shoppers splurged on everything from Downey laundry beads to Swiffer mops and surface cleaners.

  • Organic sales of its home care products shot up 30%.

  • Quarterly profit rose 4% on a hefty gain in net sales.

  • But PNG said that that brisk sales pace could slow as vaccines roll out.

  • That warning sent its rising shares into a U turn in early trading Wednesday.

just when many companies have avoided issuing earnings outlooks, PNG raised its full year sales and profit forecast Wednesday for a second time.

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