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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.


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posted by Ace of Spades at 03:40 PM

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