P&G's Grooming Biz Takes Hit In Q3; Beauty 'Continually Improving'

Procter & Gamble’s third-quarter results suffered from 6% and 2% declines in grooming and beauty, respectively, attributed largely to increased competition and a global slowdown in consumer spending.

Man shaving

Procter & Gamble Co. is feeling the impact of changing consumer behavior and stiffer competition in grooming and cautions that sales declines in the category may continue in the short term.

The Cincinnati-based marketer of Gillette and Old Spice posted grooming category sales of $1.5bn in the fiscal 2017 third quarter,...

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