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P&G, Albertsons Say Covid-19 Shopping Patterns Here to Stay
- Consumers are buying more household supplies, groceries
- Lysol-maker raises outlook for sales after quarterly gain
Procter & Gamble Charmin brand toilet paper
Photographer: Daniel Acker/Bloomberg
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Consumer behavior has changed dramatically during the pandemic. When it ends, shoppers are going to have a hard time letting go of those new habits.
That “stickiness” underpinned stock gains Tuesday as several of the world’s most well-known brands reported soaring sales despite the volatile environment. With people still stocking their pantries and sprucing up their homes, Procter & Gamble Co. had one of its best quarters in years, while grocer Albertsons Cos. and Lysol-maker Reckitt Benckiser Group Plc saw heightened demand as well.