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Procter & Gamble Raises Earnings Concern Over Coronavirus Outbreak

By John F. Heerdink, Jr.

The Procter & Gamble Company (PG), a Dow 30 component,  supplies branded consumer packaged goods to consumers across the globe.  

Reportedly, Procter & Gamble stated that its current-quarter revenue and profit are expected to be affected due to coronavirus outbreak in China causing disruptions in supply chain and weak demand. Procter & Gamble relies on 387 suppliers in China for the shipment of more than 9,000 different materials, affecting an approx of 17,600 different finished products. The company also reported a decline in in-store traffic in China and other Asian countries.

Chief Financial Officer Jon Moeller stated “Each of these suppliers faces their own challenges in resuming operations. Some of the demand has shifted online, but the supply of delivery operators and labor is limited.”

To learn more about Procter & Gamble (PG) and to continue to track its progress please visit the Vista Partners Procter & Gamble Coverage Page 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: P&G expects coronavirus outbreak to hit current-quarter revenue, profit in Reuters)


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