Breaking News

P&G Says Tornadoes

November 14, 2005

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
  • Long Term Sustainability In the Nonwovens Market

    Long Term Sustainability In the Nonwovens Market

    August 23, 2016
    Learn more at Cleaning Products USA, Nov. 9-11, 2016

  • Fro Yo!

    Fro Yo!

    Tom Branna, Editorial Director||August 22, 2016
    Project Beauty dishes out Hairgurt, a line of vitamin-rich hair shampoos and conditioning masques.

  • TLC for Those Who Need It Most

    TLC for Those Who Need It Most

    Christine Esposito, Associate Editor||August 22, 2016
    New curriculum debuting at Bellus Academy helps estheticians treat a population that needs TLC.