Procter & Gamble reported mixed quarterly results Thursday, according to CNBC. Declining demand, rising tariffs, and increased brand investment led to a reduced outlook. The company posted earnings per share of $1.54, slightly beating the $1.53 estimate, but revenue fell short at $19.78 billion versus the expected $20.11 billion. Net sales declined 2%, and volume slipped 1%, with the steepest drop in its baby, feminine, and family care segments. CEO Jon Moeller cited inflationary pressure from Trump’s new tariffs and forecast price hikes starting in July. P&G expects flat sales for fiscal 2025 and lowered its core EPS forecast to $6.72 to $6.82, down from $6.91 to $7.05. Shares fell over 1% in premarket trading.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Procter & Gamble reported mixed quarterly results Thursday, that according to CNBC.
00:07Declining demand, rising tariffs, and increased brand investment led to a reduced outlook.
00:12The company posted earnings per share of $1.54, slightly beating the $1.53 estimate.
00:18But revenue fell short at $19.78 billion versus the expected $20.11 billion.
00:23Net sales declined 2%, and volume slipped 1%, with the stimulus drop in its baby, feminine, and family care segment.
00:31CEO John Moeller cited inflationary pressure from Trump's new tariffs, and forecast price hikes starting in July.
00:37P&G now expects flat sales for fiscal 2025, and lowered its core EPS forecast to $6.72 to $6.82, down from $6.91 to $7.05.
00:50Shares fell over 1% in pre-market trading.
00:53For all things money, visit Benzinga.com slash GSTV.