By Natasha Khan
Procter & Gamble said that it would pull every lever in its arsenal-including possibly changing product formulations-to mitigate the impact of tariffs.
The maker of Tide laundry detergent and Pantene shampoo could also look to source products from different places, said Andre Schulten, the company's chief financial officer. P&G lowered its fiscal-year outlook after posting lower sales in the third quarter.
"Once we have clarity on what the structural tariff environment is... that's when companies can become more active in looking at formulations," Schulten said on a Thursday call with reporters.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
April 24, 2025 09:49 ET (13:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.