P&G (Procter & Gamble's) fiscal Q4 sales fell short of Wall Street estimates, due to transportation and commodities costs, specifically pulp used in nappies and tissues. Procter & Gamble's 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. Procter & Gamble's 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.
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.