Procter & Gamble has observed that demand for Gillette razors and Pampers diapers is declining as consumers become more cautious about their spending. The multinational expects improvements thanks to innovations, but profits are under pressure.
Three categories under pressure
“We’ve now completed what we fully expect will be the softest quarter of the fiscal year,” said CFO Andre Schulten on Thursday during a call following the quarterly results. Net sales rose 1% to $22.21 billion (approximately €19 billion), while organic sales, which take into account exchange rates, acquisitions, and divestitures, remained stable.
