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8.30495805996605E-05 0 0 -0.000498297483597609 -0.000913545386595793 -8.38800764055662E-05 -0.000913545386595793 -0.000249148741798863
Stock impact report

Procter & Gamble confident on Gillette despite huge writedown [Seeking Alpha]

Procter & Gamble Company (The) (PG) 
Last procter & gamble company (the) earnings: 4/17 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Procter & Gamble ( PG ) took an impairment charge of $8B in FQ4 to account for the adjusted value of the Gillette's intangible assets and goodwill amid some currency devaluations. Despite the huge writedown, P&G execs are confident on the direction of the grooming business. "You've got here a business with a very broad global footprint, and particularly with the year that we have just been through, that impacts that value assessment," notes CFO Jon Moeller. Gillette has also increased competition from Dollar Shave Club and Harry's. Previously: Procter & Gamble +4% after earnings smasher (July 30) See all stocks on the move » Now read: What Investors Should Do With Their Shares Of Procter & Gamble » Subscribe for full text news in your inbox Show less Read more
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