|P&G chief Robert McDonald said his company is seeking to meet its profit goals even if the economic environment is not positive.|
SINGAPORE - Procter & Gamble Co. chief executive Robert McDonald says his company is preparing for a period of little or no economic growth in developed countries.
McDonald told reporters yesterday in Singapore that he’s concerned about the lack of growth in the United States. He said his company’s sales from October last year through to March this year in North America, Western Europe, and Japan were flat.
P&G is scheduled to disclose its April-June earnings tomorrow.
McDonald said his company is seeking to meet its profit goals even if the economic environment is not positive.
Cincinnati-based P&G makes consumer goods such as Pampers diapers, Tide detergent, and Crest toothpaste.