Net sales in the grooming business, which includes Gillette, have declined in 11 out of the last 12 quarters. The charge was also driven by more competition over the past three years and a shrinking market for blades and razors as consumers in developed markets shave less frequently. economy in recent years has strengthened the dollar. A commercial for the promotion was also recorded by our member and all of the said content can be found after the jump. The art is also spotted on the sides of product standees. Razors that are virtually irritation-free, so you feel relaxed and refreshed. Schick Hydro razors, blades and shaving cream will come in specially marked packaging featuring character art from the upcoming movie. We’re developing products that go beyond just removing hair to actually caring for your skin. For the same period last year, P&G's net income was $1.89 billion, or 72 cents per share.Ĭincinnati-based P&G, which operates in 80 countries, sells Gillette razors, gels and foams worldwide and said the writedown was due primarily to currency fluctuations - enduring strength in the U.S. Find Fawn Creek Kansas small business insurance information including costs, coverages and KS minimum requirements for general liability, workers compensation, commercial auto and more. Schick focuses on providing a truly liberating shave, one that is no longer a chore, but a more pleasurable, effortless skincare experience for men and women.
P&G reported a net loss of about $5.24 billion, or $2.12 per share, for the quarter ended June 30, due to an $8 billion non-cash writedown of Gillette. "(Reuters) - Procter & Gamble Co's quarterly revenue and adjusted profit beat Wall Street expectations on Tuesday, sending shares to a record-high even as the world's No.1 personal goods company took an $8 billion charge on its Gillette shaving business.
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