Religion You gotta hand it to Gillette, I don't think I've ever seen so many downvotes on a Youtube video

[andalusian]

Update: This ad only cost them $8 billion...so far.

https://www.dailywire.com/news/5091...potlight-after-losing-8-billion-james-barrett

OH, I MEAN MEN STOPPED SHAVING.

I think you need to learn how to read financial reports. They company made $3B on sales - they took a $8B writeoff for devaluation of assets.

If you actually look at their sales - they had an organic sales growth of 5% - these ads worked very well for them.

https://www.cnbc.com/2019/07/30/pro...ness-but-remains-confident-in-its-future.html

"In its fiscal fourth-quarter earnings report, the company said Gillette has consistently generated “significant” earnings and cash flow and continues to be a strategic business with growth opportunities. Last year, Gillette sold $6.22 billion of men’s razors and blades and $1.28 billion of women’s razors and blades worldwide, according to Euromonitor data.

The consumer products giant gave two reasons for the write-down. First, the company said that currency devaluations since the carrying values were first established in 2005 played a significant role. Over the last decade, currency has hurt its global business.

P&G’s second reason for the write-down is the market contraction of blades and razors, primarily in developed markets. In countries like the United States, growing beards is more popular, leading fewer men to buy razors. Gillette held a 52.8% market share of men’s razors and blades in the U.S. last year, according to Euromonitor."

 

[EL PRESIDENTE]

P&G reported an impairment charge of $8.0 billion in the fiscal fourth quarter, resulting in a net loss of $5.24 billion. The one-time, noncash charge was to adjust the carrying values of Gillette’s goodwill and intangible assets.

 

[EL PRESIDENTE]

I think you need to learn how to read financial reports. They company made $3B on sales - they took a $8B writeoff for devaluation of assets.

If you actually look at their sales - they had an organic sales growth of 5% - these ads worked very well for them.

Where are these reports?


Seems P&G overall had 7% organic sales growth.

 

[andalusian]

Where are these reports?


Seems P&G overall had 7% organic sales growth.

I clicked on the grooming section on P&G's site for the 5% figure.

If you want to read the entire report (enjoy):

http://www.pginvestor.com/Cache/1001256102.PDF?O=PDF&T=&Y=&D=&FID=1001256102&iid=4004124

 

[Lanny]

I think you need to learn how to read financial reports. They company made $3B on sales - they took a $8B writeoff for devaluation of assets.

If you actually look at their sales - they had an organic sales growth of 5% - these ads worked very well for them.

https://www.cnbc.com/2019/07/30/pro...ness-but-remains-confident-in-its-future.html

"In its fiscal fourth-quarter earnings report, the company said Gillette has consistently generated “significant” earnings and cash flow and continues to be a strategic business with growth opportunities. Last year, Gillette sold $6.22 billion of men’s razors and blades and $1.28 billion of women’s razors and blades worldwide, according to Euromonitor data.

The consumer products giant gave two reasons for the write-down. First, the company said that currency devaluations since the carrying values were first established in 2005 played a significant role. Over the last decade, currency has hurt its global business.

P&G’s second reason for the write-down is the market contraction of blades and razors, primarily in developed markets. In countries like the United States, growing beards is more popular, leading fewer men to buy razors. Gillette held a 52.8% market share of men’s razors and blades in the U.S. last year, according to Euromonitor."

I am keeping Gillette afloat.

 

[EL PRESIDENTE]

I am keeping Gillette afloat.

Increasing my wealth, bro. thanks!

 

[TorturedBlazerFan]

I use Harry’s!
https://www.harrys.com/en/us/products

 

[GhostOfPGA]

Shaving is stupid, grow a beard and trim accordingly like a real man.

If you can’t grow a beard, you may as well adopt a cat and get a sex change.

 

[riverman]

Trumpers should rest easy knowing that shaving cream is still only white.

I've seen it in aqua marine and toothpaste blue

 

[Natebishop3]

I use the costco brand razor now. Gillette was stupid expensive.

 

[ABM]

It's the Pro Trump forum on Reddit, as of last night they've made 8 separate threads about this ad and have been brigading over to youtube to downvote it. Snowflakes unite!

You're the epitome of toxic masculinity.