Procter & Gamble Stock Tests Two-Year Low After CFO Sounds Warning on Consumers -- WSJ

Dow Jones12-03

By Jack Pitcher

Procter & Gamble shares dropped almost 3% Tuesday after Chief Financial Officer Andre Schulten warned of a "tougher context" for P&G's U.S. business.

The consumer has grown more cautious, and the government shutdown and loss of SNAP food-assistance benefits also impacted sales in the fourth quarter, Schulten said at a Morgan Stanley retail conference.

"I think the context in the U.S. is more volatile. Probably the most volatile we've seen in a long time," he said.

With today's decline, P&G shares are flirting with their lowest closing level since October 2023.

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December 02, 2025 11:19 ET (16:19 GMT)

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