BRIEF-P&G CFO Says Impact From Tariffs On Sourcing From China Very Hard To Mitigate - media call

Reuters
24 Apr
BRIEF-P&G CFO Says Impact From Tariffs On Sourcing From China Very Hard To Mitigate - media call

April 24 (Reuters) - Procter & Gamble Co PG.N:

  • PROCTER & GAMBLE CFO SAYS TARIFFS OBVIOUSLY PUT PRESSURE ON OUR COST STRUCTURE; PREMATURE TO SPECULATE WHAT LEVEL OF PRICING WE WILL SEE - MEDIA CALL

  • PROCTER & GAMBLE CFO SAYS SOME COMPONENTS AND RAW PACK MATERIALS SOURCED FROM CHINA, NOT AVAILABLE ANYWHERE ELSE IN THE WORLD AT THIS POINT IN TIME

  • PROCTER & GAMBLE CFO SAYS IMPACT FROM TARIFFS ON SOURCING FROM CHINA VERY HARD TO MITIGATE IN THE SHORT TERM

  • PROCTER & GAMBLE CFO SAYS DEMAND RECOVERY IN CHINA A MIXED PICTURE, MAKING SLOW PROGRESS; CONSUMER CONFIDENCE IS IMPACTED

  • PROCTER & GAMBLE CFO SAYS IMPACT ON COST OF GOODS FROM TARIFFS EXPECTED TO BE ABOUT $1 BILLION TO $1.5 BILLION FOR THE YEAR

Further company coverage: PG.N

((reuters.briefs@thomsonreuters.com;))

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