Procter & Gamble was a market-pleaser today.
The company’s stock got a nearly 5% boost after it posted results for the October-December quarter, which saw organic sales grow by 4%.
On a call with analysts, P&G CFO Jon Moeller disclosed the firm has saved a whopping $1 billion in ad agency fees and ad production costs over the last four years.
The company isn’t done streamlining its ad costs. Moeller told analysts: “We see more savings potential in these areas along with more efficiency in media delivery.”
So if you want to work for P&G Adlanders, be prepared to toe the line — and be as efficient as humanly possible.
That’s not unreasonable, right?
After all, working for P&G really says something about you. You may not get paid for a couple of months after you do the work, but hey, it’s P&G. And terms could be worse. Some cpg firms don’t want to pay for 120 days.
It’s a jungle out there.