Former Procter & Gamble Co. CEO John Pepper said the company has “a foundation for renewed growth” in the leadership transition announced yesterday.
CINCINNATI - Procter & Gamble Co.'s fourth-quarter revenue and net income jumped by double digits on strong sales in emerging markets such as China and India. But the world's largest consumer products company sees things slowing down this quarter as the U.S. and other developed economies struggle.
The Cincinnati-based maker of Tide detergent, Pampers diapers and Gillette shavers on Friday reported earnings per share of 84 cents, as net income rose 15 percent to $2.51 billion. Revenue jumped 10 percent to $20.86 billion. Analysts expected 82 cents on $20.57 billion.
P&G expects earnings for the year ahead to be in a range of $4.17 to $4.33 per share. Analysts forecast $4.29 per share.
In the current quarter, P&G expects earnings in a $1-$1.04 range; analysts were looking for $1.14.
In a move anticipated by much of the business community, veteran executive David Taylor will replace A.G. Lafley as president and CEO of Procter & Gamble.
David Taylor was on a fast track to senior management when he started over.
Procter & Gamble Co.’s “Like a Girl” ad was nominated for an Emmy award Thursday. It’s the third P&G commercial to be honored since 2010.
Procter & Gamble Co. will unload 43 beauty brands in a $12.5 billion deal with Coty Inc. that will lead to a one-time gain for P&G of up to $7 billion.
Procter & Gamble Co.’s beauty employees have a chance to work for a global leader in perfume, hair care and cosmetics – but they might have to join a less satisfied work force in the process.
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