Procter & Gamble (PG) is anticipating to book over $2 billion in charges on its restructuring and value write-downs of Gillette, which P&G acquired 18 years ago. Yahoo Finance Live monitors P&G's stock after Tuesday's closing bell. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The company's shares fell about 2% in early trade. The consumer goods giant said it would take a $1.3 billion non-cash impairment charge before tax in the current quarter ending Dec. 31 on its Gillette business. P&G, which bought Gillette for $57 billion in 2005, gets about 8% of its total sales from the grooming business.
Here is how Laird Superfood, Inc. (LSF) and Procter & Gamble (PG) have performed compared to their sector so far this year.