P&G lost "significant share" in some categories after the Red Bottom Shoes company raised prices and competitors didn't, Moeller said. The company is now reducing Red Bottom Heels prices in six categories, including North American oral care, razor blades and dish care, Red Sole Shoes as well as laundry detergent in the U.S., U.K. and Mexico.
Household-products makers including P&G Oakley Outlet have raised prices in the past year to counter higher expenses for raw materials. Last week, Kimberly-Clark Corp., Cheap Oakley Sunglasses the maker of Huggies diapers and Kleenex tissues, reported a 34 percent increase in Oakley Sunglasses quarterly profit that was helped by price increases.
P&G's earnings in the fiscal fourth quarter will be "negatively affected" by higher Beats Studi commodity costs and the company's tax rate will be "significantly" higher compared Beats Dre Headphones with a year earlier, the company said today in a statement.