Procter & Gamble's (P&G) fiscal Q4 sales fell short of Wall Street estimates, due to transportation and commodities costs, specifically pulp used in nappies and tissues. P&G has notified retailers of a 4% increase in Pampers and a 5% increase in tissue products. However, those increases may not stick, said Wells Fargo analyst Bonnie Herzog. The company is also expected to report its first quarterly loss since the financial crisis on Tuesday.
Procter & Gamble's (P&G) fiscal Q4 sales fell short of Wall Street estimates, due to transportation and commodities costs, specifically pulp used in nappies and tissues. P&G has notified retailers of a 4% increase in Pampers and a 5% increase in tissue products. However, those increases may not stick, said Wells Fargo analyst Bonnie Herzog. P&G CFO Jon Moeller attributed a 3% fall in its grooming business to consumers shaving less often, while reduced demand in the Middle East, Africa and Latin America caused a 2% fall in revenue for baby, feminine and family care products.