Late last week the CPG company announced quarterly earnings, and by CEO David Taylor’s own assessment, “delivered good results…in a difficult operating environment.”
The consumer packaged goods company release its Q1 results on Tuesday, the first such report since P&G completed its divesture of specialty beauty brands to Coty.
At a time when all the big players in the cosmetics and personal care space have faced a market slowdown, Beiersdorf CEO Stefan Heidenreich says that manufacturers must strategize for the long haul and not panic.
Procter & Gamble reported a stronger increase in its fourth quarter sales, but beauty and grooming sales are steady, while profits are down as the company continues to pay out to streamline the business.
P&G first quarter profits were slightly down on higher commodity costs despite sales taking a big leap, but the outlook is more challenging as currency gains are expected to be wiped out.
First quarter profits were down for the global consumer products company as it was hit by price discounting and added promotional expenses to support new product launches.
Personal care sales help to propel Beiersdorf to the close of a tough year, underlined by the fact that the company outperformed average market growth.
Consumer goods giant Procter & Gamble expects to return to organic sales growth by the end of the year after reporting two quarters of organic sales declines.
Robert McDonald is set to take over from A.G. Lafley as the new CEO of Procter & Gamble, according to a report in the Monday edition of The Wall Street Journal.
Germany-based cosmetics and home care producer Henkel has announced
strong results, driven higher by a particularly good performance
from its cosmetics division.
Procter & Gamble has reported a 37 per cent jump in its
profits, but share prices fell after the company revealed that its
sales had failed to meet with expectations on the back of inventory
cut-backs by Wal-Mart and slower than...
Cognis Care Chemicals has reported a stronger financial performance
in 2004 thanks in part to a restructuring of the division. The
results helped the privately-owned German group to reduce its debts
by more than half compared to the...
