Residents Can Access On-Site Showers and Tide Loads of Hope Laundry Services in Oxford and Ripley, MS OXFORD, Miss. and RIPLEY, Miss., Jan. 30, 2026 /PRNewswire/ -- WHO: WHAT: WHY: P&G is working with Walmart and Matthew 25: Ministries to continue its long-standing commitment to help restore a sense of normalcy to communities most impacted by major disasters. Together, they assist people in need of clean laundry, showers, and personal care items in communities recovering from major disasters. These services ...

Leadership Changes - Coty is undergoing a leadership change with Markus Strobel, a veteran from Procter & Gamble, set to become the executive chair and interim CEO starting in 2026 [1][7] - Current CEO Sue Nabi will step down after five years, and executive chair Peter Harf will retire after over 30 years of service [2] Company Performance - Coty has experienced a significant decline in its stock value, losing more than 50% since the beginning of the year due to falling sales amid macroeconomic uncertainty and higher tariffs [3][7] - The company reported fiscal first-quarter earnings that missed estimates, indicating ongoing challenges in sales performance [5] Strategic Direction - The appointment of Strobel may signal potential changes in Coty's strategy, particularly as the company launched a strategic review of its consumer beauty business in September [4] - Despite current challenges, Coty anticipates a return to growth by the second half of the fiscal year, although it has noted that retailers are being cautious in their ordering habits [5]

Core Viewpoint - Consumer staple companies may benefit from higher inflation due to their ability to pass on cost increases to customers, but consumer resistance to price hikes is a concern [2]. Group 1: PepsiCo - PepsiCo's second-quarter revenue increased by 2%, driven entirely by higher prices, which contributed 4 percentage points, while lower volume subtracted about 1.5 percentage points [5]. - Adjusted operating income for PepsiCo fell by 3%, indicating that price hikes were insufficient to offset rising costs [5]. - PepsiCo's share price dropped by 16.9% over the past year, contrasting with a 16.8% gain in the S&P 500 index during the same period [6]. - The price-to-earnings (P/E) ratio for PepsiCo increased from 19 to 26, which is still lower than the S&P 500's P/E of 30, suggesting potential for patient investors [7]. Group 2: Procter & Gamble - Procter & Gamble's fiscal third-quarter adjusted sales grew by only 1%, with higher prices accounting for the entire increase and volumes remaining flat [9]. - In the fourth quarter, adjusted sales increased by 2%, with higher prices and mix each contributing 1 percentage point, while volume remained constant [10]. - Procter & Gamble's stock price decreased by 7.9% over the past year, and its P/E multiple contracted from 28 to less than 25 [10].

Core Insights - Procter & Gamble (P&G) plans to cut 7,000 jobs over the next two years, representing about 6% of its workforce, as part of a broader restructuring strategy to navigate an uncertain spending environment influenced by US tariffs [1][4][13] - The company will exit certain product categories and brands in specific markets, which may include divestitures, to streamline operations and focus on core brands like Tide, Pampers, and Old Spice [1][9] - P&G anticipates a before-tax hit of approximately $600 million in fiscal year 2026 due to current tariff rates, which have been volatile [5][9] Job Cuts and Workforce Impact - The job cuts will account for roughly 15% of P&G's non-manufacturing workforce, with expected charges of $1 billion to $1.6 billion before-tax over the two-year period, a quarter of which is anticipated to be non-cash [13] - As of June 2024, P&G had about 108,000 employees [11] Market and Economic Context - The geopolitical environment is described as "unpredictable," with consumers facing "greater uncertainty," largely due to President Trump's tariffs affecting global markets and raising recession concerns in the US [4][6] - The ongoing trade war has resulted in at least $34 billion in lost sales and increased costs for companies [6] Strategic Adjustments - P&G's restructuring aims to simplify its organizational structure by broadening roles and reducing team sizes, which is seen as a way to free up cash for investment in core brands [9] - The company has previously exited markets such as Argentina and restructured operations in Nigeria, indicating a trend towards focusing on more profitable areas [10]