Procter & Gamble (PG) Q2 2025 Earnings

Procter & Gamble on Wednesday reported quarterly earnings and revenue that beat analysts’ expectations, thanks to increased demand for household staples such as toilet paper and laundry detergent.

The company’s shares rose by 3% in previous trading.

Here’s what the company reported for the quarter ended Dec. 31, compared with Wall Street expectations based on a survey of analysts by LSEG:

• Earnings per share: $1.88 vs. $1.86 expected
• Revenue: $21.88 billion vs. $21.54 billion expected

P&G reported second-quarter net income of $4.63 billion, or $1.88 per share, up from $3.47 billion, or $1.40 per share, a year earlier.

Pure sale rose 2% to $21.88 billion. The company’s organic revenue, excluding currency effects and divestments, increased 3% in the quarter.

P&G’s volume rose 1% during the period. The figure excludes pricing, making it a more accurate reflection of demand than sales. Like many consumer companies, P&G saw demand for its products fall after several years of rising prices.

The Child, Women and Family Care division reported the largest increase in volume, up 4%. P&G recognized its family care and feminine care brands, which include Charmin, Puffs and Tampax products. But sales of organic baby care products fell into the low single digits as fewer parents bought Pampers diapers.

P&G’s grooming segment, which includes Gillette razors, saw volume increase 2% in the quarter. The company said that innovation contributed to the increase in volumes.

The fabric and home care division reported a 1% increase in volumes. The segment includes Tide, Swiffer and Cascade products.

P&G’s health care segment, which includes Pepto Bismol and Oral-B products, reported flat volume.

Only P&G’s cosmetics division posted volume declines for the quarter. The company said hair care volume declined in the Greater China market, while global volume declined in the skin care segment, which includes Olay products. Overall, the company’s beauty division saw volumes fall 1%.

P&G also reaffirmed its outlook for fiscal 2025. It forecasts core net income per share in the range of $6.91 to $7.05 and revenue growth of 2% to 4%.