P&G CFO Says The Middle East Situation Has Not Really Improved And Continues To See Stronger Impacts On Western Retailers In Some Of These Markets; Exec Says First Couple Of Quarters Of Fiscal 2025 To Be Similar To Q4 Fiscal 2024, Baby Care Business On The Premium End Of Business Continues To Do Well In North America; If The Consumer Deteriorates Co Will Do Better In Categories Like Hand Dish Washing, And Paper Products, As Consumers Will Be Home More
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P&G's CFO indicated that the Middle East situation remains challenging, impacting Western retailers. The first half of fiscal 2025 is expected to mirror Q4 of fiscal 2024. P&G's premium baby care business is performing well in North America. If consumer conditions worsen, P&G expects increased demand for hand dishwashing and paper products.
July 30, 2024 | 1:54 pm
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P&G's CFO highlighted ongoing challenges in the Middle East, impacting Western retailers. The first half of fiscal 2025 is expected to be similar to Q4 of fiscal 2024. The premium baby care business is performing well in North America. If consumer conditions deteriorate, P&G expects increased demand for hand dishwashing and paper products.
The news indicates that P&G is facing ongoing challenges in the Middle East, which could impact its revenue from those markets. However, the company is seeing strong performance in its premium baby care segment in North America. If consumer conditions worsen, P&G expects increased demand for essential products like hand dishwashing and paper products, which could offset some of the negative impacts. Overall, the short-term impact on P&G's stock price is likely to be neutral.
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