P&G CFO: Consumers are dosing their products carefully

A financially stretched US consumer continues to power mixed earnings results at P&G. Proctor & Gamble (PG) shares fell 1.5% in pre-market trading on Thursday as the company's second fiscal quarter sales missed estimates in the grooming, fabric care, and baby categories as consumers traded down to cheaper private label options. P&G did beat earnings estimates and maintain its full year outlook. "We are seeing sales growth in our categories in the US and Europe, albeit at a slower pace," Proctor & Gambl ...