Chinese spend more on diapers and Colgate despite economic woes [Reuters]
Procter & Gamble Company (The) (PG)
Last procter & gamble company (the) earnings: 4/17 07:00 am
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Source: Reuters
China's economic slump after the pandemic has weighed on sales at consumer packaged goods companies, who had targeted the world's second-biggest economy as a major source of growth. Investors and analysts are keeping close tabs on when the economy starts to significantly improve, which should be a boost for makers of consumer goods. Some consumer companies like Tide detergent maker Procter & Gamble , Reckitt , which manufactures Dettol cleaning solutions, and food producer PepsiCo are reporting some small signs of stronger spending in China. "The Colgate business had a terrific quarter in China," said CEO Noel Wallace, adding that sales of the company's premium products like whitening toothpaste are "robust." About 14% of the company's total sales came from its Asia Pacific region, which includes China, last year. But Colgate's overall sales volumes in China are still soft, mostly due to rural consumers cutting back, Wallace said. "Clearly that consumer is a bit more challe
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PG
Earnings
- 4/19/24 - Beat
PG
Sec Filings
- 5/15/24 - Form 144
- 5/13/24 - Form 144
- 5/10/24 - Form 4
- PG's page on the SEC website