Summary
Procter & Gamble reports that its sales performance shows the U.S. economy is stable, though not strong. While its beauty products saw sales growth, other segments like health care and fabric/home care saw declines. Consumers are being careful with their spending, and Procter & Gamble expects its costs to decrease due to lower energy prices and a reduced impact from tariffs.
Key Facts
- P&G reported better-than-expected quarterly sales.
- There was a 4% sales growth in P&G's beauty category.
- The health care and fabric/home care segments saw a 2% decline in sales.
- Consumers are being more cautious with their spending.
- Competitors are increasing promotions in response to consumer caution.
- P&G faces lower costs due to decreased energy prices.
- Tariff costs are expected to be $400 million, less than the previous $800 million estimate.
