Gillette Got Woke, Goes broke

Dr. Carver's Shaving Butter is the best, I keep it next to MyPillow

i just started using jeans and rubbing alcohol on my gillete blades after using them rather than paying even more than i do to a company like (((dollar shave club))) or who knows whats going on, i'm not gonna be reactive to some ad campaign in any way that ends up costing me more. this change has made my razor blades last much longer and ended up saving me a ton. thanks gilette.

It's a paper write down which saves the company $1billion+ in tax. It has nothing to do with actual sales or "going broke". OP is an idiot

The 8 bil impairment represents 15% of P&G's net worth. Its a major hit. Look for a divestiture in the near future

Owned by Unilever

It's a NON CASH asset, it makes no difference to anyone with a brain. It's the result of an accounting entry made during a past purchase of the company. You will note the stock is UP today, not down.

fucking wew

There's nothing wrong with the Germans being clean shaven and there's nothing wrong with us Southerners growing out our facial hair. Why would you want beautiful, European facial hair to belong only to the people least suitable to be sporting it?

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Impairments don't matter? Ok, user.

Impairments to non cash assets? Not really. Sales are up. Cash flow is up. They are doing fine. I hope you don't invest your own money, you clearly don't know how to read a financial statement.