Procter & Gamble earnings are coming before the bell — here's what the Street expects
CEO David Taylor said the company has been improving its market share for eight consecutive quarters.
Still, Wall Street will likely want reassurance that the U.S. consumer is still upbeat, amid continued trade tensions with China.the U.S. consumer "remains strong" despite global economic growth fears and the trade war. Wall Street will also expect an update on P&G's Gillette shaving business, which has been hurt by currency devaluations and new competition, like Harry's and Unilever's Dollar Shave Club. P&G last quarter wrote down the value of the Gillette brand by $8 billion.
As of Monday's close, P&G shares are up nearly 30% year-to-date, boosting its market value to $298 billion.
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