Procter & Gamble (NYSE:PG) Remains Under Pressure In China, Europe, Middle East

Procter & Gamble continues to operate in a volatile and challenging environment from an input cost standpoint, CFO Andre Schulten says at the latest Consumer Analyst Group of New York conference, a month after reporting F2Q results. The consumer goods giant is still seeing market pressure in Greater China and softening underlying market trends in some European, Asia Pacific and Middle East countries such as Egypt, Saudi Arabia and Turkey, due to its price increases, Schulten says. “Despite this volatility, we remain confident that the best path forward is to double down on the strategy that has enabled the strong results to date,” Schulten adds.

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