Reported 3 months ago
Procter & Gamble CEO Jon Moeller reports a shift towards more cautious consumer spending in the U.S. while noting stable demand for P&G brands compared to private-label products. Despite achieving a gross margin of 49.8% and an adjusted EPS of $1.40, the company's fourth-quarter organic sales growth of 2% fell short of expectations. Looking ahead, Moeller emphasizes the significant impact of Trump-era tax cuts on P&G's investments and employment, indicating potential effects if these cuts are not extended.
Source: YAHOO