Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The cleanser detergent is shown at the California Compton Exhibition.
Mike Blake | Reuters
Procter & Gamble On Thursday, it was reported about mixed quarterly results when the demand for its products decreased.
A company owned by Tide and Charmin also reduced its full -year forecast for its main income and profit.
The company’s shares fell 2% on Premarket.
That’s what the company reported compared to what Wall Rate was waiting for LSEG analyst survey:
- Profit per share: 1.54 dollars against $ 1.53 expected
- Profit: 19.78 billion dollars vs $ 20.11 billion expected
Clean sales decreased by 2% to $ 19.78 billion. Organic sales of companies that deprivate, imprisonment and foreign currency increased by 1%.
P&G volume decreased by 1%. The volume eliminates prices, making it a more accurate reflection of demand than sales.
The P&G Children’s, Women’s and Family Nursing Division reported a 2%decrease in volume, which is the steep decrease in its segments. All three parts of the business, which include Pampers and paper towels, saw that the volume is shrinking for the quarter.
Both in the field of health and health units P&G, and at home, the volume decreased by 1%. Demand for their mouth care products, such as the mouth and toothpaste dental and toothpaste from the crest, decreased throughout the quarter. The same demand for your home care facilities, which include Cascade and Swiffer MOPS.
The beauty segment of the company, which includes OLAY and SK-II, reported a flat volume for the quarter. P&G said the volume decreased in Big China, its second largest market.
Proper wreckage, which includes Gillette and Venus Razors, was the only segment reported by the growth of volumes. Its volume noted 1%.
One quarter remains in its financial year, P&G is now expected to grow sales for the financial 2025, which has fallen from the previous income growth forecast by 2% to 4%. The company also reduced its main income per share of Outlook to $ 6.72 to $ 6.82, which is $ 6.91 to $ 7.05 compared to the previous forecast.
P&G reported net income in the third quarter related to a $ 3.77 billion company, or $ 1.54 per share, which is $ 3.75 billion, or $ 1.52 per share a year earlier.
This story develops. Please check the updates.
