Why P&G’s Margins Could Decline in Q1 2019
Procter & Gamble’s (PG) profit margins haven’t impressed over the past several quarters. The company has struggled on the margins front despite generating significant cost and productivity savings. Procter & Gamble’s gross profit margins have worsened sequentially, as shown in the chart below, with the rate of decline increasing each quarter. Lower pricing and increased manufacturing, packaging, and supply-chain costs have taken a toll on the profitability of consumer packaged goods manufacturers in the United States.