Procter & Gamble reported a 33% surge in net income for the fiscal second quarter, reaching $4.63 billion, or $1.88 per share, up from $3.47 billion, or $1.40 per share, the previous year. Despite a modest 2% increase in net sales to $21.88 billion, the company’s organic revenue grew by 3%, excluding currency changes and divestments. Volume growth was 1%, with the baby, feminine, and family care division leading with a 4% increase, driven by brands like Charmin, Puffs, and Tampax. However, baby care sales dipped slightly. The grooming segment, including Gillette, saw a 2% volume rise, attributed to innovation. Fabric and home care products like Tide and Swiffer also saw a 1% volume increase. Conversely, the beauty division experienced a 1% volume drop, mainly due to declines in hair and skin care in Greater China. P&G reiterated its fiscal 2025 forecast, expecting core net earnings per share between $6.91 and $7.05 and revenue growth of 2% to 4%.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
