"P&G Friday reported better-than-expected quarterly sales, powered by a 4% increase in organic volume for its beauty category, which includes products like Old Spice deodorant and Gillette razors. But the company also reported a 2% organic volume decline in its health care category, which includes the Vicks and Pepto Bismol brands, and a 2% decline in its fabric and home care segment, which includes the Tide and Gain laundry brands."
"That may sound like how you'd describe the condition of a hospital patient, but that's how the company is describing the state of the American consumer. Zoom in: Shoppers are becoming "a bit more careful in terms of purchase decisions and consumption," Schulten said on an earnings call. Which means competitors are ramping up promotions, particularly in the fabric care and baby care segments, he added."
P&G reported better-than-expected quarterly sales driven by a 4% organic volume gain in its beauty category, including Old Spice and Gillette. Health care and fabric and home care each saw a 2% organic volume decline, affecting brands such as Vicks, Pepto Bismol, Tide, and Gain. CFO Andre Schulten described the consumer environment as not great but stable and said shoppers are becoming more careful in purchase decisions. Competitors are increasing promotions in fabric and baby care. Commodity headwinds, especially energy costs, are easing and tariff impact is expected near $400 million. U.S. consumers are stretching pantry and household-product usage to save money.
Read at Axios
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