P&G second quarter beats, but margins worry investors - oral b electric toothbrush price

(Reuters)-
Procter & Gamble, the world's largest consumer goods maker, reported that,than-
On Tuesday, the company expected sales and profitability in the second quarter, but investors focused on a decline in gross profit margins, which led to a 2% drop in its share price.
Affected by rising commodity costs, investment spending and lower prices for beauty businesses, including Gillette razorblades, profit margins fell nearly 1% in the quarter.
The company has just calmed down his attack on its strategy by offering board seats to activist investor Nelson Peltz, but is working to boost Gillette's sales to counter Unilever dollar shaving clubs etc.
It lowered the price of shaving products and increased sales, but eroded profits and overall revenue from one of its largest businesses.
Some of them were offset by its efforts to invest more money in other industries, including beauty and health care, resulting in an increase of 2% in organic sales.
However, analysts believe that the results are mixed, and after the rise in P & G shares spurred by a fight with Perrier's agent, they did not predict any rise.
Bonnie Herzog, an analyst at Wells Fargo, wrote in a report: "The second quarter is not a high-quality quarter, with a gross profit margin lower than expected and little benefit from the tax law in the short term.
The company says it is doing everything it can to oppose a social media fashion that lets teenagers dare to eat damp pod laundry detergent live on video.
"Our product label is clear. . .
But that doesn't stop intentional abuse caused by bad judgment, "Jon Merle, Procter & Gamble's chief financial officer, said in a media conference call.
"In order to solve this problem, we have to work with the wider part of society.
P & G has improved its full
Earnings per share growth forecast after annual adjustment is 5-
Distance 5-8%
7%, because it expects net income of $0. 135 billion from the recent US economyS.
Tax reform for enterprises fell to 21%.
Net income attributable to the company fell to $2.
The second quarter ended December was 50 billion, or 93 cents per share.
31, compared to $7.
88 billion, or $2.
88 a year ago.
The company said the decline reflected a net fee of $0. 628 billion related to tax reform, as well as revenue from selling its beauty brands to Coty Inc. during the previous fiscal year.
Excluding items, the company made $1.
$19 per share, including 5 cents from tax changes.
Analysts had expected $1.
But several Wall Street brokers said the estimates were not included in the tax benefits.
Net sales rose 3% to $17.
4 billion, strong demand and high demand for Olay skin care productsend SK-
Second, active oral brand and sales
B. toothbrush and colder Vicks cough and cold productsthan-
It's usually winter.
Shares of P & G rose 9.
In 2017 it was 3%, down 3% to $89. 54.