Procter & Gamble Hikes US Prices Amid Tariff Challenges, CEO Change
Procter & Gamble on Tuesday forecast annual results largely below estimates and said it would raise prices on some products in the U.S., a day after naming insider Shailesh Jejurikar as CEO to steer it through tariff uncertainty.
The consumer goods bellwether's shares rose nearly 1% in premarket trading as it topped fourth-quarter estimates.
P&G said it would raise prices on about a quarter of its products in the U.S., starting this month, to help offset the cost of new tariffs imposed by President Donald Trump...
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