Procter & Gamble Dinged By Beauty and Diaper Sales Declines
P&G(PG) Investopedia·2024-07-30 23:42
Key TakeawaysProcter & Gamble posted a decline in sales of beauty products and diapers, and shares tumbled Tuesday.The consumer products giant missed revenue estimates, although adjusted profit was better than expected.P&G also faced what it called "unfavorable foreign exchange impacts." Shares of Procter & Gamble (PG) tumbled Tuesday when the consumer products giant missed revenue estimates as sales of its beauty products and diapers declined. P&G reported fiscal 2024 fourth-quarter revenue was basically u ...