Procter & Gamble’s Tide laundry detergent is seen in a brand new Wal-Mart store in Chicago on January 24, 2012.
John Gress | Reuters
Procter & Gamble on Tuesday reported mixed quarterly resultsbut the corporate’s volume increased for the primary time in greater than two years.
Volume doesn’t take prices into consideration, so this metric more accurately reflects demand than sales. In recent years, P&G’s price increases across its portfolio, from diapers to laundry detergent, have fueled sales growth, but volume has stagnated and even declined as consumers have bought fewer products.
The company’s shares fell 2% in premarket trading.
Here’s what the corporate reported in comparison with Wall Street expectations, based on an analyst survey conducted by LSEG:
- Earnings per share: $1.40 adjusted versus $1.37 expected
- Revenue: $20.53 billion versus $20.74 billion expected
P&G reported net income attributable to the corporate of $3.14 billion, or $1.27 per share, for the fourth fiscal quarter, down from $3.38 billion, or $1.37 per share, within the year-ago quarter.
Excluding special items, the corporate earned $1.40 per share.
Net sales of $20.53 billion remained unchanged from the identical period last 12 months.
For fiscal 12 months 2025, P&G expects core net earnings per share in a variety of $6.91 to $7.05. The company reiterated its sales forecast of two to 4 percent growth.
