Procter & Gamble misses sales expectations on slowing demand By Reuters

Category: Business

Procter & Gamble's fourth-quarter sales fell short of Wall Street expectations due to weak demand for skincare products in China and reduced price benefits in the U.S. and Europe. The company's net sales decreased slightly to $20.53 billion, while adjusted earnings per share surpassed estimates. P&G plans to repurchase $6 to $7 billion in shares and anticipates modest sales growth for fiscal 2025.

Keywords: Procter & Gamble, fourth-quarter sales, financial results

Source: Investing.com

Update At: 7/30/2024

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