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Procter & Gamble Revenue Misses Estimates
Revenue fell short due to weak U.S. demand in laundry and paper products while beauty sales rose 4%, with net sales hitting $22.2 billion, P&G said.
- For the three months ended Dec. 31, Procter & Gamble reported net sales of $22.21-billion, missing Wall Street's $22.28-billion estimate amid weaker consumer spending.
- Lower‑income households have cut back on essentials amid high prices and a tepid labor market, while a U.S. government shutdown delayed food aid, P&G said.
- Excluding one‑offs, core earnings per share was $1.88 versus analysts' estimate of $1.86, overall sales volumes fell 1 percent, and core gross margin fell for five quarters.
- Shares of P&G were down about 2 per cent in premarket trading as the company trimmed its annual EPS growth target to 1 per cent to 6 per cent and plans to cut about 7,000 non‑manufacturing roles.
- Shailesh Jejurikar, who became CEO Jan. 1, said the results keep the company on track as it moves into half two of the fiscal year, with continued investment in innovation and personal care momentum.
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·Düsseldorf, Germany
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Procter & Gamble revenue misses estimates
Procter & Gamble today fell just short of Wall Street expectations for its second-quarter revenue, held back by weak consumer spending in core categories such as US laundry detergent and toilet paper, which overshadowed strength in its beauty products.
·Ireland
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The American conglomerate recorded US$ 22.2 billion between October and December, high 1% over the same period of 2024
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Coverage Details
Total News Sources13
Leaning Left1Leaning Right2Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
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