Report
Erin Lash
EUR 147.86 For Business Accounts Only

P&G seeks to bolster its competitive edge by driving efficiencies within its more focused brand set.

Procter & Gamble’s fourth-quarter results showcased the steady progress the firm is making to right its ship. Organic sales ticked up 2%, due entirely to higher volumes, and adjusted gross margins expanded 160 basis points to 49.4%. However, adjusted operating margins slipped 150 basis points to 17.0%, but this decline reflected stepped-up brand investment--with advertising up 280 basis points and research and development up 70 basis points--spending P&G historically has pulled back on i...
Underlying
Procter & Gamble Company

Procter & Gamble provides consumer packaged goods. The company's products are sold primarily through mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, baby stores, beauty stores, other stores and pharmacies. The company has five reportable segments: Beauty, which includes hair care, and skin and personal care products; Grooming, which includes shave care products; Health Care, which includes oral care and personal health care products; Fabric and Home Care, which includes fabric care and home care products; and Baby, Feminine and Family Care, which includes baby care, feminine care and family care products.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Erin Lash

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