Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue March 2015
 •  Save Your Seat at Happi's Brand Building Breakfast  •  Despite Global Tensions, Execs Expect Growth  •  Sizzling Somers  •  Suavitel Adds In-Wash Scent Booster  •  Bergdorf Goodman Picks Up Caron Paris
Print

P&G Says Tornadoes



Published November 14, 2005
Related Searches: share sales executives business
Post a comment
Executives at Procter & Gamble Co., Cin- cinnati, said tornado damage to a snacks plant in Jackson, Tennessee may trim fourth-quarter sales growth. The plant sustained roof and water damage when it was hit by a tornado in May, according to reports.
Although it is “too early to assess the damage to the plant,” according to a spokesperson, the damage will cause distruptions in P&G’s Pringles and Torengos snacks business. Executives added that the company has asset and business insurance in place.
However, the company “remains comfortable” with its previous outlook for fourth-quarter earnings growth of 10-12% a share, with sales growth harmed by 1% or less for the quarter, which ends in June. Analysts expect the company to post $10.75 billion in revenue, a 6% rise from the year-ago time period.


blog comments powered by Disqus