NYSE:PGHousehold Products
Procter & Gamble (PG) Stock Faces Margin Squeeze Despite Steady Sales
Procter & Gamble stock slipped about 1.5% today, even though the earnings story looks more like a grind on margins than a collapse in fundamentals. The company closed with a trailing P/E of 20.9x and a dividend yield near 3%, while the latest quarter showed Basic EPS of US$1.28 on revenue of US$21,203m.
The real flashpoint for sentiment is profit pressure. Core gross margin for the year moved slightly lower and core operating margin compressed further. The market is reacting to that squeeze,...