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Stock impact report

Consumers are so stressed by the economy they're doing less laundry to save on detergent [Yahoo! Finance]

Procter & Gamble Company (The) (PG) 
Last procter & gamble company (the) earnings: 4/17 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
consumer pullback amid economic anxiety caused by trade-war talk and volatile markets. Elsewhere, nervous customers are spending less on body wash, snacks, and burritos as they hunker down for economic turmoil. The White House's ever-changing tariff regime is injecting record amounts of uncertainty into the economy, and that's now made its way to consumers' spending habits. After pulling back on everyday luxuries like travel and self-care and even big-ticket purchases, the uncertainty has come to settle in Americans' laundry rooms. Procter & Gamble CEO Jon Moller told Yahoo Finance that customers are doing fewer laundry loads each week to save on detergent . P&G, a major consumer-goods conglomerate, makes Tide, the U.S.' best-selling detergent, as well as dozens of brands including Gillette razors, Pampers diapers, and Dawn dishwashing liquid. It cut its financial outlook for the year due to consumer stress, to just 2% growth. Competitor Colgate-Palmolive corroborated the tren Show less Read more
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