All articles tagged with #procter and gamble
Procter & Gamble beat adjusted EPS estimates for Q2 2026 at $1.88, but revenue of $22.21 billion came in modestly below the $22.28 billion consensus. Net income was $4.32 billion ($1.78 per share) versus $4.63 billion ($1.88) a year earlier; excluding items, EPS was $1.88. Net sales rose 1%. Demand for Gillette razors and Pampers diapers weakened, and the stock slipped about 2% in premarket trading.
Jim Cramer recommends buying Procter & Gamble stock, citing its effective use of AI to improve operations and its attractive valuation, while expressing caution on high-spending tech giants like Nvidia and Apple due to uncertain growth prospects.
Procter & Gamble reported better-than-expected quarterly results driven by continued consumer demand for beauty and hair-care products despite a broader economic slowdown, with strategic price hikes and product innovations helping offset higher tariffs and competitive discounting. The company also announced cost-cutting measures and market exits to adapt to challenging global conditions.
Procter & Gamble beat earnings estimates with higher demand in beauty and grooming, but warned of increased costs from tariffs in 2026, maintaining its full-year outlook despite a challenging environment.
Procter & Gamble plans to raise prices on 25% of its products in the US starting August to offset $1 billion in tariff-related costs, amid economic uncertainty and slowing growth, while also restructuring and appointing a new CEO. Despite these challenges, the company reported solid earnings, though growth is expected to slow in fiscal 2026.
Procter & Gamble beat quarterly earnings estimates but warned that tariffs and other costs will negatively impact its fiscal 2026 earnings, with expected sales growth of 1-5% and earnings per share of $6.83 to $7.09, reflecting a $1 billion hit from tariffs and other factors.
Procter & Gamble CEO Jon Moeller is stepping down after four years to become executive chairman, with COO Shailesh Jejurikar set to succeed him as CEO starting January 2026, in a planned leadership transition.
Procter & Gamble announced that Shailesh Jejurikar will become CEO in 2026, succeeding Jon Moeller who will become executive chairman. Jejurikar, the first Asian to lead P&G, has been with the company since 1989 and is currently COO. This leadership change follows recent restructuring and job cuts amid slowing sales, with Jejurikar also standing for election to the company's board.
Procter & Gamble announced it will cut 7,000 non-manufacturing jobs, about 15% of that workforce, over the next two years due to tariffs implemented by President Trump, and will also reduce product offerings in certain markets, aiming to maintain growth and value creation despite economic challenges.
Procter & Gamble plans to cut 7,000 jobs, about 15% of its non-manufacturing workforce, over two years as part of a restructuring effort to address slowing growth, trade tariffs, and portfolio reevaluation, with broader impacts on its operations and the U.S. economy.
Procter & Gamble plans to cut 7,000 jobs and exit some brands over two years to adapt to a challenging environment influenced by US tariffs and geopolitical uncertainty, aiming to streamline operations and focus on core brands like Tide and Pampers.
Procter & Gamble plans to cut up to 7,000 jobs over the next two years due to economic pressures, tariffs, and shifting consumer sentiment, as part of a broader restructuring effort amid rising costs and market challenges.
Procter & Gamble plans to cut up to 7,000 jobs over the next two years due to tariff-related costs and economic uncertainty, as part of a broader restructuring that includes ending sales of some products in certain markets.
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Procter & Gamble announced plans to cut 7,000 jobs over two years as part of a restructuring effort amid trade war uncertainties and plans to streamline its brand portfolio.