The Big Money Show Panel discussed the lukewarm economy by President Donald Trumps as tariff detections begin to backpedle on recession claims.
Procter & Gamble It was said on Tuesday that it would increase prices on some products sold in the US as it is related to uncertainty on tariffs and undergoes a leadership infection.
Economic instability and “consumer concern” related to president Donald Trump’s Tariff policies and immigration cracks have motivated consumers to curb their expenses to provide a buffer in their budget, the company officials told analysts on a post-competed call.
P&G said that it is planning to increase prices at a quarter of its products in the US in the limits of single-nails starting from this month.
The company said that the demand for new products such as Charmin toilet paper and Don dish soap, such as its pantry staple, as well as new products such as Tide Evo Laundry Detergent Tile, has given it a place to increase prices in the prices of about 1 billion dollars.
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Proctor & Gambal indicated that it plans to increase prices at a quarter of its products to handle $ 1 billion at tariff cost. (Brendon McDermid / Reuters / Reuters)
Kim Forest, Chief Investment Officer of Bokeh Capital Partners, said, “We believe that customers will still pay for these products.” “During the soft economic time, consumers reduced trade, but P&G have many products that people are ready to pay regardless of tariffs or slow economy.”
Some? Imported goods A spokesperson of the company said in a Reuters report that P&G is paying tariffs from India for use in Metamucill.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| PG | Proctor and Gambal Cum. | 156.65 | -0.38 |
-0.24% |
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P&G said it is trying to run the growth in areas where it has lost the ground, including its LUVS price-value diapers and Ole Skincare, CFO Andre Shultain said.
“The consumer is clearly more selective in terms of shopping behavior in our categories and we see the desire to find the value by going into club channels or online or large-box retailers in large pack sizes or by reducing the cash outlay,” said Shulten.
Tariffs are taxes on imported goods that are paid by importers, often passing high costs to consumers through high prices. (Spencer Plot / Getty Image / Getty Images)
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Company Annual forecast According to data compiled by LSEG, below the estimates of analysts, which was increasing the net sales growth between 1% and 5%, below the estimates of analysts’ 3.09% increase.
“There is a level of basic uncertainty we reflect in the guidance range,” said the outgoing CEO John Muler. “To the extent that people are disappointed with the lack of certainty, and the width of the border, believe in me, I am not more disappointed than that. I.”
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Proctor & Gambal on Monday nominated the company’s internal formula Shailesh Jejurikar as it New CEO,
Reuters contributed to this report.
