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Some consumers are saying 'I'm out' -portfolio manager

Reuters Videos
Updated

STORY: Procter & Gamble failed to win over price-conscious consumers who snubbed the company's pricier Charmin toilet paper and Pampers diapers.

Shares fell more than 6% in trading on Tuesday.

"The expectations for a company with a lot of levers to pull like P&G are reasonably high. So what they have said is that they intend to lean into productivity, which means cost cutting to make their numbers and to deliver on growth, to redeploy cash flow, to continue to return cash flow to shareholders, but also grow the business and for them it's all about innovation," added Henry.