Reported 2 days ago
Procter & Gamble (P&G) surpassed quarterly profit estimates, largely driven by strong demand for its beauty and hair-care products, despite a broader economic slowdown affecting consumer spending. The company halved its annual tariff cost estimate due to changes in Canada-U.S. trade relations and implemented select price increases to counteract tariffs while competing against discounting rivals. P&G also reported a dip in operating margins but maintained a leading position in the market, with double-digit growth in segments like baby care, while preparing for a significant restructuring effort to cut costs and optimize operations.
Source: YAHOO