Procter&Gamble plans to restructure some of its market business operations, with Q1 revenue exceeding analyst expectations
大和797
发表于 2023-12-6 17:31:39
1325
0
0
On December 6th, Procter&Gamble Group announced that it will increase its business restructuring costs. The announcement shows that Procter&Gamble plans to restructure its business operations in some markets (including Argentina and Nigeria) to cope with challenging macroeconomic and fiscal conditions, with an expected increase of $1 billion to $1.5 billion in restructuring costs, including foreign exchange translation losses recognized during the liquidation of affected market businesses.
In addition, Procter&Gamble will provide a non cash impairment expense of $1.3 billion for the intangible assets acquired from Gillette in 2005. Combining the restructuring plan with impairment expenses, the estimated total cost is between $2 billion and $2.5 billion. The announcement points out that Gillette's basic business remains strong, but adverse changes in future business or macroeconomic environment may trigger further impairment provisions.
In October this year, it was reported that Procter&Gamble Group was considering selling its Sassoon China business at a valuation of $1 billion and had begun evaluating investors' initial interest in the business. The options being considered include selling all or part of the equity. Regarding this, Andre Schulten, Chief Financial Officer of Procter&Gamble Group, stated, "We continue to monitor our business portfolio, including acquisitions and potential options, to create value for shareholders."
According to the first quarter financial report of Procter&Gamble Group for the 2024 fiscal year, the group's revenue reached $21.87 billion, a year-on-year increase of 6%, and organic sales increased by 7%, higher than analysts' expected growth rate of 5.8%. In addition, the net profit attributable to the company was 4.52 billion US dollars, compared to 3.94 billion US dollars in the same period last year.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- LeXin releases third quarter financial report: revenue of 3.66 billion yuan, profit increased by 33.2% month on month
- Hesai Technology's Q3 revenue increased by 21.1% year-on-year
- Shangde Institution's third quarter revenue and profit continue to decline, and fancy marketing is unable to turn things around
- Zhiwen Group's net revenue for Q3 2024 was 2.6747 billion yuan, with a net profit of 493.3 million yuan
- Oracle's quarterly revenue and profit both increased
- Why do some analysts pour cold water on the "Trump 2.0" leading the US stock market to soar? One article comprehension
- The ninth one! Broadcom joins trillion dollar club, AI revenue doubles
- Pfizer expects revenue of $61 billion to $64 billion in 2025, with an estimated $63.23 billion
- Micron Technology's revenue outlook falls short of analysts' expectations, causing its stock price to plummet by approximately 18% after market hours
- Micron Technology's revenue outlook falls short of analysts' expectations, causing its stock price to plummet by approximately 18% after market hours
-
生成式人工知能(AI)が巻き起こす技術の波の中で、電力会社は意外にも資本市場の寵児になった。 今年のスタンダード500割株の上昇幅ランキングでは、Vistraなどの従来の電力会社が注目を集め、株価が2倍になってリ ...
- xifangczy
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
隔夜株式市場 世界の主要指数は金曜日に多くが下落し、最新のインフレデータが減速の兆しを示したおかげで、米株3大指数は大幅に回復し、いずれも1%超上昇した。 金曜日に発表されたデータによると、米国の11月のPC ...
- SNT
- 前天 12:48
- 支持
- 反对
- 回复
- 收藏
-
長年にわたって、昔の消金大手の捷信消金の再編がようやく地に着いた。 天津銀行の発表によると、同行は京東傘下の2社、対外貿易信託などと捷信消金再編に参加する。再編が完了すると、京東の持ち株比率は65%に達し ...
- SNT
- 前天 12:09
- 支持
- 反对
- 回复
- 收藏
-
グーグルは現地時間12月19日、新しい「推理」モデルとしてGemini 2.0 Flash Thinkingを発売すると発表した。紹介によると、このモデルはまだ実験段階であり、訓練を経た後、モデルが反応を起こした時に経験した「思 ...
- 地下水
- 3 天前
- 支持
- 反对
- 回复
- 收藏