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About Us & RulesWoke to Broke: Gillette Loses Billions After Anti-Men, Transgender Shaving Ads
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Woke to Broke: Gillette Loses Billions After Anti-Men, Transgender Shaving Ads
by Guest Fri Aug 02, 2019 7:59 am
Well, it turns out men don't like to be insulted and classified as overly masculine, raging sexists and they're dumping the brand. Gillette's social justice moral preening just cost them $8 billion.
"P&G reported a net loss of about $5.24 billion, or $2.12 per share, for the quarter ended June 30, due to an $8 billion non-cash writedown of Gillette. For the same period last year, P&G’s net income was $1.89 billion, or 72 cents per share," Reuters reports.
https://townhall.com/tipsheet/katiepavlich/2019/08/01/woke-to-broke-gillette-loses-billions-after-antimen-transgender-shaving-ads-n2551026
"P&G reported a net loss of about $5.24 billion, or $2.12 per share, for the quarter ended June 30, due to an $8 billion non-cash writedown of Gillette. For the same period last year, P&G’s net income was $1.89 billion, or 72 cents per share," Reuters reports.
https://townhall.com/tipsheet/katiepavlich/2019/08/01/woke-to-broke-gillette-loses-billions-after-antimen-transgender-shaving-ads-n2551026
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