Procter & Gamble Co

Large advertisement of Japanese luxury skin care products brand, SK-II, in Causeway Bay, Hong Kong.Miguel Candela | Lightrocket | Getty ImagesProcter & Gamble on Tuesday said sales of its high-end SK-II skincare brand fell 34% in the Greater China region during its latest quarter — and it blamed an unlikely culprit.With its high prices and reliance on travel retail, Japan-based SK-II has struggled as China's economic recovery lags. But P&G executives also pointed to another factor that contributed to the brand's…

A Procter & Gamble (P&G) logo is seen during the 6th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 7, 2023 in Shanghai, China.VCG | Getty ImagesProcter & Gamble on Tuesday reported mixed quarterly earnings and revenue for its fiscal second quarter of 2024 as price hikes helped boost revenue 3%. The company also narrowed its outlook for full-year adjusted earnings per share to a range of $6.37 to $6.43, although its forecast for unadjusted…

We don't know what we want. This week, we will find out what it is that will propel us forward or turn us back after the S & P 500 on Friday closed at a new record high for the first time in more than two years. For example, we have three rails that report this week: Union Pacific , CSX and Norfolk Southern . Among them, you have pretty much every non-service portion of the U.S. economy spoken for: housing, industrial production, minerals, road building, heating, and food. What kinds of numbers do we want from these…

Nelson PeltzDavid A. Grogan | CNBCDisney and its investors are going to start hearing a lot from activist investor Nelson Peltz.In the coming weeks, Peltz's Trian Fund Management plans to post on X and add content to its website RestoreTheMagic.com as a crescendo to launching a dense white paper explaining its case to add Peltz and former Disney Chief Financial Officer Jay Rasulo to Disney's board. That paper will be released in a couple of weeks, Peltz said in a CNBC interview, after appearing on "Squawk on the Street"…

Tide laundry detergent is shown on display in Compton, California, U.S., January 10, 2017. Mike Blake | ReutersProcter & Gamble on Friday reported quarterly earnings and revenue that beat analysts' expectations, thanks to price hikes for products like Crest toothpaste and Pampers diapers.But the company released a gloomy outlook for its fiscal 2024 sales that fell short of Wall Street's estimates.Still, shares of the company rose 1.5% in premarket trading.Here's what the company reported compared with what Wall Street…

Pedestrians walk past Yum! Brands Inc. Pizza Hut and KFC restaurants in Shanghai, China.Qilai Shen | Bloomberg | Getty ImagesChina is leaving behind pandemic lockdowns, and U.S. companies like Procter & Gamble, Starbucks and MGM Resorts International say the country's recovery is boosting their overall sales as consumers in their home markets watch their wallets.With its large population and swelling middle class, China is a desirable market for many multinational companies that have seen their U.S. businesses mature.…

Cars wait in a line at a KFC (Kentucky Fried Chicken) drive-thru in Bloomsburg.Paul Weaver | LightRocket | Getty ImagesYum Brands on Wednesday reported quarterly earnings that fell short of analysts' expectations, despite a China sales rebound for KFC and Pizza Hut.Yum joins the growing list of companies that includes Procter & Gamble and Starbucks that have reported recovering sales in China.Shares of the company dropped more than 2% in morning trading.Here's what the company reported for the first quarter compared…

Starbucks on Tuesday reported quarterly earnings and revenue that beat analysts' expectations, fueled by better-than-expected international sales.In China, the company's second-largest market, Starbucks saw its same-store sales increase for the first time since Starbucks' fiscal third quarter in 2021 as customers returned to its cafes following the rollback of the country's zero Covid policy.However, shares of the company fell 1.9% in extended trading.Here's what the company reported compared with what Wall Street was…

A pedestrian passes a Coca-Cola delivery truck in Mexico City, Mexico, on Wednesday, Jan. 25, 2023.Jeoffrey Guillemard | Bloomberg | Getty ImagesCoca-Cola is expected to report its first-quarter earnings before the bell on Monday.Here's what Wall Street analysts surveyed by Refinitiv are projecting the company to report:Earnings per share: 64 centsRevenue: $10.8 billionLike many consumer companies, the beverage giant has been raising prices to mitigate the impact of inflation. But consumers have begun cutting back their…

Procter & Gamble on Friday reported quarterly earnings and revenue that topped analysts' expectations as higher prices helped offset lower demand for its products, particularly in Europe.The company, which owns household brands like Febreze, Charmin and Tide, also raised its forecast for organic sales growth for fiscal 2023 to 6%, up from its prior range of 4% to 5%.related investing newsShares of P&G more than 4% in morning trading.Here's what the company reported for the quarter ended March 31 compared with what…