Procter & Gamble says tariffs will lead to price hikes on some of its products
- Procter & Gamble lowered its annual sales and profit forecasts on Thursday.
- The company cited a pullback in consumer spending due to economic uncertainty.
- Third-Quarter net sales fell two percent as product volumes declined overall.
- P&G now expects flat sales for the year, down from a prior four percent growth projection.
- Executives indicated likely future price increases to help mitigate rising costs and tariff impacts.
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44 Articles
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P&G cuts outlook as consumers pull back amid tariffs
NEW YORK, United States — Procter & Gamble cut its sales and profit forecast Thursday, citing a pullback in consumer behavior as uncertainty over tariffs and the economy cloud the picture. P&G, whose brands include Tide detergent and Crest toothpaste, now sees flat sales for its current fiscal year after previously projecting growth of as
Major firms cut earnings forecasts as Trump’s tariffs are posed to impact everyday product prices — here’s how it could affect your wallet
Corporate earnings reports came in mixed on Thursday – though several industry bellwethers, including Procter & Gamble, PepsiCo and LG, slashed their forecasts and warned of price hikes due to President Trump’s tariffs.
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