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Top related persons:
Timothy Aeppel - 3 Andre Schulten - 2 Deborah Sophia - 2 Morgan Stanley - 1 Schulten - 1 Juveria Tabassum - 1 Sriraj - 1 they're - 1
Top related locs:
Tabler Station West Virginia U.S Bengaluru Argentina Nigeria
Top related orgs:
Procter - 3 REUTERS - 3 Gillette - 3 Thomson - 3 Procter & Gamble - 2 Morgan - 1 & $ - 1 Roosevelt - 1

Search resuls for: "Tabler Station"


4 mentions found


☆ P&G to record up to $2.5 bln in Gillette writedown, operations rejig
  + stars: | 2023-12-05 | by ( ) www.reuters.com   time to read: +2 min
The consumer goods giant said it would take a $1.3 billion non-cash impairment charge before tax in the current quarter ending Dec. 31 on its Gillette business. P&G, which bought Gillette for $57 billion in 2005, gets about 8% of its total sales from the grooming business. "It's very difficult for us as a U.S. dollar-denominated company to create value (in these markets)," Schulten said. Total charges will be between $2 billion and $2.5 billion after tax and will be recognized in fiscal years 2024 and 2025. Net earnings attributable to the company was $14.7 billion for fiscal 2023.
Persons: Timothy Aeppel, Andre Schulten, Morgan Stanley, Schulten, Juveria Tabassum, Sriraj Organizations: Procter, REUTERS, Procter & Gamble, Gillette, Morgan, Thomson, & $ Locations: Tabler Station, West Virginia, U.S, Argentina, Nigeria
☆ P&G tops profit estimates on pricing boost, resilient demand
  + stars: | 2023-10-18 | by ( Deborah Mary Sophia | ) www.reuters.com   time to read: +2 min
REUTERS/Timothy Aeppel/File photo Acquire Licensing RightsOct 18 (Reuters) - Procter & Gamble (PG.N) topped market expectations for quarterly sales and profit on Wednesday, benefiting from higher prices as well as steady demand for its personal care products and cleaning supplies. While P&G's moves to consistently raise prices over the past several months have dented sales volumes with some cost-conscious shoppers turning to cheaper alternatives, the benefits from higher prices have helped bolster its profits. Gross margin improved 460 basis points to 52% in the quarter ended Sept. 30 and the company kept its annual profit outlook despite expectations for a $1 billion after-tax impact from unfavorable foreign exchange rates. P&G now expects sales growth to be in the range of 2%-4% for fiscal 2024, compared to its prior estimate of a 3%-4% rise, owing to currency fluctuations. Per-share profit of $1.83 per share also beat expectations of $1.72.
Persons: Timothy Aeppel, Andre Schulten, they're, Jason Benowitz, Deborah Sophia Organizations: Procter, REUTERS, Procter & Gamble, Gillette, Roosevelt, Thomson Locations: Tabler Station, West Virginia, U.S, Bengaluru
☆ P&G tops quarterly profit estimates on pricing boost, resilient demand
  + stars: | 2023-10-18 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Timothy Aeppel/File photo Acquire Licensing RightsOct 18 (Reuters) - Procter & Gamble's (PG.N) quarterly sales and profit topped market expectations on Wednesday, helped by steady demand for its personal care products and cleaning supplies as well as price hikes. P&G has consistently raised prices of its products over the past several months. While that has led to weaker sales volumes as some cost-conscious shoppers turn to cheaper alternatives, the benefits from higher prices have helped bolster its profits. The Pantene shampoo maker saw overall prices jump 7% in the first quarter, while total sales volume dropped 1%, consistent with the levels seen in the prior quarter. The company posted a profit of $1.83 per share, above estimates of $1.72 per share.
Persons: Timothy Aeppel, G, Deborah Sophia Organizations: Procter, REUTERS, UBS, Gillette, Thomson Locations: Tabler Station, West Virginia, U.S, Bengaluru
☆ We're buying the dip in a defensive stock — still not convinced by this year's market rally
  + stars: | 2023-01-25 | by ( Jeff Marks Jim Cramer | Jeff Marks | Jim Cramer | ) www.cnbc.com   time to read: +5 min
Shares of household product giant P & G have been hit hard over the past few weeks due to a market rotation out of defensive companies that outperformed last year. P & G lost about 7% in 2022's terrible year, much less than the S & P 500 's more than 19% decline in 2022. Sure the 6% decline in sales volume was more noticeable from the prior quarter when volume fell 3%. For example, 1 percentage point of the volume decline was due to P & G cutting its Russia portfolio in half due to Moscow's unprovoked war on Ukraine. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
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