Correspondent, Consumer Products & Retail
Jessica's Feed
Nov 25, 2013
Nov 22, 2013
Nov 12, 2013
Oct 29, 2013
Oct 25, 2013

Procter & Gamble sticks by forecasts; profit meets expectations

By Jessica Wohl

(Reuters) – Procter & Gamble Co (PG.N: Quote, Profile, Research) is chugging along with its turnaround, posting a quarterly profit that met Wall Street’s expectations and holding to its annual forecasts as the world’s largest household products maker gets a lift from cost cuts and a lower tax rate.

Shares of P&G slipped 0.5 percent to $80.20 in premarket trading on Friday.

The maker of Pampers diapers and Tide detergent is trying to reinvigorate itself under Chief Executive A.G. Lafley, who returned in late May to replace Bob McDonald.

Oct 25, 2013
Oct 25, 2013

Procter & Gamble profit meets expectations

Oct 25 (Reuters) – Procter & Gamble Co’s quarterly
profit met Wall Street’s expectations on Friday helped by growth
overseas, cost cuts and a lower tax rate, and the world’s
largest household products maker maintained its financial
forecasts for the year.

Shares of P&G slipped 0.8 percent to $80 in premarket

The maker of Pampers diapers and Tide detergent said it
still expected 5 percent to 7 percent growth in earnings per
share this fiscal year, excluding restructuring charges. The
company abandoned quarterly forecasts earlier this year.

Oct 24, 2013

Colgate-Palmolive quarterly profit edges higher

By Jessica Wohl

(Reuters) – Colgate-Palmolive reported slightly higher third-quarter earnings on Thursday as it spent more on advertising and posted strong sales growth in Latin America, yet failed to show robust growth at home.

Its shares fell 2 percent in morning trading.

The toothpaste maker still expects its annual profit to rise 4.5 percent to 5.5 percent, assuming foreign exchange rates remain fairly stable. It is targeting double-digit earnings-per- share growth for 2014, excluding restructuring charges.

Oct 24, 2013
Oct 22, 2013

U.S.-led group’s Bangladesh garment factory reviews halfway done

By Jessica Wohl

(Reuters) – More than half of the Bangladesh garment factories that do work for a group of North American retailers and apparel makers have already been inspected for fire and building safety, the group said on Tuesday.

Last week, the Alliance for Bangladesh Worker Safety released a list of more than 620 factories its 23 current members do business with.