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☆ Procter & Gamble earnings beat estimates, but weak demand in China hurts sales
▼ + stars: | 2024-10-18 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Procter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed on its sales. The company reported flat volume for the quarter. The metric excludes pricing, which makes it a more accurate reflection of demand than sales. The company called out volume declines in China for both its hair care and oral care segments. Both P&G's health care and baby, feminine and family care divisions both reported 1% declines in volume for the quarter.

Persons: Gamble, Andre Schulten, Schulten Organizations: Procter, LSEG, SK, Gillette, Venus Locations: China, U.S, Greater China

☆ Procter & Gamble sales disappoint as price hikes slow down
▼ + stars: | 2024-04-19 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

In October, executives said that they anticipated returning to volume growth in fiscal 2024. However, three of P&G's divisions reported volume growth for the quarter. The company's grooming business, home to its Gillette and Venus razors, reported volume growth of 2%. And fabric and home care, which includes Febreze and Swiffer, saw 1% volume growth. That's a reversal from the last two fiscal years, when commodity costs weighed on the company, leading to price hikes.

Persons: Pantene, Gamble, Andre Schulten, Schulten Organizations: Procter, LSEG, Gillette, pricey SK Locations: San Anselmo , California, China, Gaza, U.S

☆ P&G's initial decline had nothing to do with earnings. The market later agreed
▼ + stars: | 2024-04-19 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

For the full year, the overall sales growth rate was reiterated at 2% to 4% as was the organic growth target of 4% to 5%. On the call, Schulten said growth across categories continues to be broad-based with 8 of 10 product categories holding or growing organic sales in this quarter. In North America, organic sales rose 3% on the back of a 3% increase in volume. In Europe, focus markets rose 7% on the back of a 4% increase in volume, and in Latin America, organic sales were up 17% versus the year-ago period. Weakness continued in Greater China, with organic sales declining 10%.

Persons: Dow, Andre Schulten, Schulten, Jim Cramer's, Jim Cramer, Jim, Pantene, Justin Sullivan Organizations: Procter, Gamble, Procter & Gamble, Colgate, Palmolive, Unilever, Management, CNBC Locations: United States, American, North America, Europe, Latin America, Greater China, China, San Anselmo , California

☆ 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

☆ P&G flexes its pricing power again in its latest quarter. Wall Street rewards the stock
▼ + stars: | 2023-10-18 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

P & G's results Wednesday demonstrate that its recent outperformance compared with its staples peers is justified. Quarterly commentary Procter & Gamble delivered on key metrics such as gross margins and organic sales growth. Secondly, excluding declines in China, P & G's volume was up in the rest of the world. Consumers in Western Europe remain relatively resilient, Schulten said, while describing P & G's business in Latin America as "on fire." P & G paid out $2.3 billion in dividends in its fiscal first quarter while repurchasing $1.5 billion worth of common stock.

Persons: Gamble, —, we're, That's, Andre Schulten, it's, Schulten, Jim Cramer's, Jim Cramer, Jim, Joe Raedle Organizations: Procter, Gamble, Wednesday, Dow, Treasury, Walmart, Club, Costco Wholesale, Bunge Limited, Revenue, U.S, Wall, CNBC, Procter & Gamble, Getty Locations: China, U.S, Cincinnati, Western Europe, Latin America, Miami , Florida

☆ Major retailers say shoplifting is a huge problem. So at least one is now considering removing brand names from its shelves altogether.
▼ + stars: | 2023-09-03 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Many retailers attribute rampant product losses to widespread shoplifting. Some retailers say shoplifting has gotten so bad that they are removing name brands from their shelves, instead offering store brands that have lower resale values. "I don't want to do this," Giant president Ira Kress told the Post. "But the reality is that Tide is not a profitable item in this store," Kress told the Post. One shopper previously told Insider the lock boxes have "progressed from slightly annoying to more than inconvenient."

Persons: Ira Kress, Kress, it's Organizations: Service, Washington Post, Target Locations: Wall, Silicon, Target

SummarySummary Companies P&G beats sales estimates for 12th quarterHiked prices in U.S., Europe again in Jan-MarchShares up 2% premarketApril 21 (Reuters) - Procter & Gamble Co's (PG.N) customers continued to show little resistance to repeated price hikes, helping the Tide detergent maker boost its annual sales forecast and third-quarter margins. But shrinking consumer wallets in the face of high inflation have fanned concerns of how much longer rising prices will be tolerated before triggering a switch to cheaper, private-label brands. The fabric and home-care unit, P&G's biggest segment, saw sales volumes fall 5%, with average price rising to 13%. The company expects fiscal 2023 organic sales growth of about 6%, compared with its previous forecast for a 4% to 5% increase. P&G maintained its annual earnings forecast of flat to a 4% rise.

☆ Nestlé says food prices will rise further this year
▼ + stars: | 2023-02-16 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

Food, including ice cream, will see significant price increases in 2023, CEO Alan Jope said on the same call. Unilever said price increases caused sales volumes to decline by 2.1% in 2022. Heineken, meanwhile, said it expected to sell less beer in Europe this year because of “steep” price increases related to energy costs. At the time, Tesco (TSCDF) described the company’s price increases as “unjustifiable.” Once the products were restored, prices were unchanged on Heinz’s most popular lines. Gabby Jones/Bloomberg/Getty ImagesTesco has also “fallen out with other suppliers” over price increases, its chairman John Allen recently told the BBC.

☆ Peloton, Allbirds and Lego: Best online sales right now
▼ + stars: | 2023-02-08 | by ( Caroline Curran | ) edition.cnn.com time to read: +4 min

Today, you’ll find a deal on a Casper weighted blanket, a discounted Dyson Supersonic Hair Dryer and savings on Allbirds Trail Runners. Casper Weighted Blanket $189 From $99 at Casper Amazon Sleep soundly under a brand-new weighted blanket from the beloved DTC brand Casper. • Save on hair care from brands like Pantene, Aussie, Head & Shoulders and more right now at Amazon. • If the Casper weighted blanket is slightly out of budget, consider this alternative from Luna, now under $55 when you clip the on-page coupon. No matter which model you choose, you’ll save on a device perfect for athletes and anyone else who appreciates at-home relaxation.

☆ I've donated my hair to charity 4 times, but I probably never will again. Here's what you need to know if you want to do it.
▼ + stars: | 2023-01-28 | by ( Rebecca Harrington | ) www.businessinsider.com time to read: +11 min

I've donated my hair to charity four times, but I don't plan to again because there's less need now. I've donated my hair to charity four times. Human hair wigs usually have to be cut, colored, styled, and fit specifically to the person's head, Hernandez-Salas said. There's just much less demand for human hair wigs than there was years ago. Before she lost her hair, Melore donated it and got a wig from the American Cancer Society all in the same day.

☆ North Korea Wants Dollars. It’s a Sign of Trouble.
▼ + stars: | 2022-12-09 | by ( Choe Sang-Hun | Pablo Robles | ) www.nytimes.com time to read: +18 min

Media Korean Studies 2016 2008 New Finished New buildings Repainted TAEDONG RIVER TAEDONG RIVER Pyongyang in 2008. Media Korean Studies 2008 2016 New Finished New buildings Repainted TAEDONG RIVER TAEDONG RIVER Pyongyang in 2008. Under Mr. Kim, North Korea has opened a new terminal at the city’s international airport, renovated subway stations and opened new amusement parks. Missile tests this year alone cost North Korea hundreds of millions of dollars, according to estimates by South Korean and American researchers. An array of cell phones, assembled in North Korea with components imported from China, is on sale and advertised on state TV.

☆ Unilever recalls dry shampoos due to potentially high levels of benzene
▼ + stars: | 2022-10-24 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

Unilever is recalling 19 dry shampoo products because of potentially elevated levels of benzene, a known carcinogen. They include dry shampoos from the brands Dove, Nexxus, Suave, TRESemmé and TIGI, which makes Rockaholic and Bed Head. A complete list of recalled products can be found here. Other aerosol products have been recalled in the past due to the presence of benzene, according to the nonprofit Environmental Working Group. Unilever said it has not received any reports of adverse reactions to the recalled products; rather, they are being recalled out of caution.

☆ Ulta, Bath & Body Works, CeraVe, E.l.f. Cosmetics, and SheaMoisture among beauty favorites for female teens, survey finds
▼ + stars: | 2022-10-21 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +4 min

Ulta is still the most popular beauty store for all female teens, according to a semiannual survey. Out of the 6,670 female teens surveyed, 29% of upper-income female teens and 40% of average-income female teens chose Bath & Body Works as their favorite source for fragrances. Upper-income female teens are spending slightly less for perfumes at $62 every year compared with $67 a year spent on perfumes by average-income female teens. While female teens with wealthier incomes spent $93 last fall on hair care products, female teens with average income spent $91 a year. However, Olaplex was the most popular hair care brand for 14% of upper-income female teens, and the second most popular for female teens with average incomes.

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Persons: HEINZ, Bud Light Organizations: AUDI, HYUNDAI, KIA, COLGATE

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