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Procter & Gamble is about to report earnings. Here's what to expect

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Procter & Gamble's shares have fallen 3.7% this year, dragging its market value down to $344 billion.

is expected to report its fiscal first-quarter earnings before the bell Wednesday.Earnings per share: $1.72For roughly two years, P&G has been raising prices for products across its portfolio, including Tide detergent and Charmin toilet paper. The price hikes have scared away some consumers, leading to five consecutive quarters of volume declines. But in fiscal 2024, P&G expects its volume will start increasing again, and prices will only rise 1% to 1.5%.

P&G is also forecasting that its revenue will grow 3% to 4% and earnings per share will rise 6% to 9%. But some investors have grown more cautious, fearing the dollar's strength and setbacks in China's recovery. China is P&G's second-largest market, and sales there haven't returned to pre-pandemic levels yet.

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