consumer products Archives - CFO

P&G Sales Surge 6% on Home Products Demand

Financial Performance

P&G Sales Surge 6% on Home Products Demand

Amid coronavirus lockdowns, consumers have been stocking up on P&G products ranging from toilet paper to laundry detergent.

By Matthew Heller | April 17, 2020

Kellogg CFO to Step Down After Two Years

Kellogg CFO to Step Down After Two Years

CFO Fareed Kahn's replacement, Amit Banati, is the head of the consumer product group's Asia, Middle East, and Africa business.

By Vincent Ryan | May 2, 2019

P&G Beats Estimates, Announces Price Hikes

Financial Performance

P&G Beats Estimates, Announces Price Hikes

P&G's risky pricing move "will serve as a test for how willing Americans are to pay up for big household brands."

By Matthew Heller | August 1, 2018

3M Shares Tumble on Lowered 2018 Guidance

Financial Performance

3M Shares Tumble on Lowered 2018 Guidance

The stock matched its biggest single-day decline in more than nine years but the company sees "sustained profitable growth in 2018."

By Matthew Heller | April 25, 2018

Spectrum Brands Merges With Top Shareholder

Spectrum Brands Merges With Top Shareholder

Spectrum's deal with HRG Group will “result in an independent company with meaningfully increased trading liquidity in our common stock."

By Matthew Heller | February 26, 2018

Colgate Shares Drop 5% as Sales Disappoint

Financial Performance

Colgate Shares Drop 5% as Sales Disappoint

"The impression of stagnation ... has dogged Colgate and other consumer goods producers in the past year.”

By Matthew Heller | January 26, 2018

Newell to Streamline Portfolio to Core Assets

Newell to Streamline Portfolio to Core Assets

The restructuring would create a “stronger, simpler, faster Newell,” but the company's shares drop more than 20%.

By Matthew Heller | January 25, 2018

P&G Shares Fall as Price Cuts Eat Into Margins

P&G Shares Fall as Price Cuts Eat Into Margins

"Second quarter was not a quality beat, with gross margin lower than expected, and little near-term benefit from the Tax Act,” an analyst says.

By Matthew Heller | January 23, 2018

Kimberly-Clark to Cut 12-13% of Workforce

Kimberly-Clark to Cut 12-13% of Workforce

The layoffs will add to last year's $450 million in cost savings as the personal care company continues to adjust to weak sales in North America.

By Matthew Heller | January 23, 2018

‘Nimble’ Rivals Take Bite out of Unilever Sales

Financial Performance

‘Nimble’ Rivals Take Bite out of Unilever Sales

The company's underlying sales rose only 2.6% in Q3 amid competition from upstarts such as Halo Top ice cream.

By Matthew Heller | October 20, 2017

Colgate Sales Sag Amid ‘Challenging’ Conditions

Financial Performance

Colgate Sales Sag Amid ‘Challenging’ Conditions

The company expects a low-single-digit sales increase in 2017, citing uncertainty in global markets and slowing category growth.

By Matthew Heller | July 24, 2017

J&J Posts $17.7B in Revenue, Misses Estimates

Financial Performance

J&J Posts $17.7B in Revenue, Misses Estimates

Tepid growth in pharmaceuticals and consumer products held back first-quarter sales but the company is still confident it will meet its full-year guidance.

By Matthew Heller | April 19, 2017

Unilever Revamps in Wake of Rejecting Kraft

Unilever Revamps in Wake of Rejecting Kraft

The company is buying back shares and taking other steps to placate investors after its rebuff of Kraft's $143 billion takeover bid.

By Matthew Heller | April 6, 2017

Kraft Heinz Offers $143B to Acquire Unilever

Kraft Heinz Offers $143B to Acquire Unilever

The deal would be the third-biggest takeover in history but Unilever said Kraft's offer “profoundly undervalues the company."

By Matthew Heller | February 17, 2017

Reckitt to Acquire Mead Johnson for $16.6B

Reckitt to Acquire Mead Johnson for $16.6B

The deal allows the British consumer goods firm to add the Enfa line of infant nutrition products to its portfolio.

By Matthew Heller | February 10, 2017