P&G Profits Up But Revenue Falls Short

Packaged goods brands cites 'choppy' global market

Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.

While Procter & Gamble's profits rose 6 percent in the third quarter due to cost-cutting and gained market share in North America, revenue fell short of analyst expectations, The Washington Post reported. P&G also issued a fourth-quarter outlook that fell short of Wall Street expectations. 

To explain its modest revenue gains, the company cited "choppy" global market growth and mixed responses to its new consumer products. Shampoo and skincare sales fell in the last quarter, and P&G is still struggling to beat competitors Unilever and Colgate in emerging markets. 

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in