05.08.03
Consumer products maker Procter & Gamble Co. said tornado damage to a Pringles and Torengos snacks plant in Tennessee could trim fourth quarter sales growth, but backed its earnings outlook for the period. The maker of Tide laundry detergent and Crest toothpaste said it is too early to assess the damage to the plant, based in Jackson, TN, but noted that it is working to restore operations.
The Cincinnati, Ohio-based company said the plant damage will cause disruptions to its business. Sales growth will be hurt by 1% or less in the quarter, which ends in June, the company said.
The Cincinnati, Ohio-based company said the plant damage will cause disruptions to its business. Sales growth will be hurt by 1% or less in the quarter, which ends in June, the company said.