Procter & Gamble Sees Sales Decline Due to Cautious Consumers

Procter & Gambles Chief Financial Officer, Andre Schulten, reveals a shift in consumer behavior: customers are feeling nervous and cautious, leading to a decline in sales for everyday items. Factors like tariffs and the government shutdown have created a tougher context for sales. Despite this, the companys higher-end product lines are seeing strong sales growth, indicating that wealthier households are opting for premium items. The companys shares experienced a dip earlier this week, but recovered some losses by the end of the day.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.