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April 29, 2019

Proctor and Gamble's Sales Up 5% -- but Grooming Products, Which Includes the Anti-Male Gillette, Down 1%

Get woke, go broke?

So the entire S&P is up, Proctor and Gamble as a company is up, but the Gillette sector of P&G is down.

Who would have guessed that attacking your customer base would lose you sales?

That raises the question of whether Gillette's financial results are suffering because of its toxic-masculinity misfire. On Tuesday, Procter & Gamble (PG) beat earnings and revenue forecasts, but the stock fell 3% on a day the S&P 500 closed at a new high.

The good news is that sales grew 5% organically--that is, without help from acquisitions or currency exchange--whereas the Street was looking for 3.7%. Products for skin, fabrics, and home led the way. But sales of grooming products, including Gillette, slipped 1%, continuing a long string of declines.

posted by Ace of Spades at 03:40 PM

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Lee's US Citizenship \| Main \| This Is Deeply Stupid: Samsung Unveils 43 Inch TV That Swivels Into Vertical Orientation To Become One Giant Smartphone Screen » April 29, 2019 Proctor and Gamble's Sales Up 5% -- but Grooming Products, Which Includes the Anti-Male Gillette, Down 1% Get woke, go broke? So the entire S&P is up, Proctor and Gamble as a company is up, but the Gillette sector of P&G is down. Who would have guessed that attacking your customer base would lose you sales? That raises the question of whether Gillette's financial results are suffering because of its toxic-masculinity misfire. On Tuesday, Procter & Gamble (PG) beat earnings and revenue forecasts, but the stock fell 3% on a day the S&P 500 closed at a new high. The good news is that sales grew 5% organically--that is, without help from acquisitions or currency exchange--whereas the Street was looking for 3.7%. Products for skin, fabrics, and home led the way. But sales of grooming products, including Gillette, slipped 1%, continuing a long string of declines. posted by Ace of Spades at 03:40 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Seems Legit: "How odd, I thought everyone understood that electr ..." rickb223 Gold & Silver Spot Prices [s][/b][/i][/u]: "You’d think they would’ve come up with ..." Commissar of Plenty and Lysenkoism in Solidarity with the Struggle : "MiG-29 has two sets of intakes Bonus hole. ..." 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