Diapers Are a Drag for Procter & Gamble Earnings; Stock Falls
Wall Street Journal
The consumer giant said it has introduced a revamped version of its mid-priced Luvs diapers, after market-share losses dragged down sales for its baby, feminine and family care business. Organic sales of P&G’s baby-care products declined by a mid-single digit percentage in the June quarter from a year earlier.
https://www.wsj.com/articles/diapers-are-a-drag-for-procter-gamble-earnings-stock-falls-278a06e2