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
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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
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News
- Procter & Gamble selected for offtake from Swedish wind farm [Yahoo! Finance]Yahoo! Finance
- 3 New Reasons to Like This Magnificent Dividend Stock [Yahoo! Finance]Yahoo! Finance
- LAMEA Manual Toothbrush Market Share & Trends Analysis Report 2023-2030, Featuring Colgate-Palmolive, Curaden, Nimbus Dental, Boie, Dr.Collins, Perfect Group and Procter & Gamble [Yahoo! Finance]Yahoo! Finance
- The Procter & Gamble Company (NYSE: PG) had its price target raised by analysts at Argus from $180.00 to $185.00. They now have a "buy" rating on the stock.MarketBeat
- Dow (DOW) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
PG
Earnings
- 4/19/24 - Beat
PG
Sec Filings
- 4/25/24 - Form 144
- 4/24/24 - Form 4
- 4/24/24 - Form 424B5
- PG's page on the SEC website