News Formal

Procter & Gamble earnings beat estimates, but weak demand in China hurts sales

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

News ニュース

日本 最新ニュース,日本 見出し

Procter & Gamble said volume fell in its Greater China market despite the earnings beat.

Procter & GambleHere's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Revenue: $21.74 billion vs. $21.91 billion expected

The company reported flat volume for the quarter. The metric excludes pricing, which makes it a more accurate reflection of demand than sales. Like many consumer companies, P&G has seen demand for its products fall after several years of price hikes. Last quarter was the first time in more than two years that its volume increased.

P&G's beauty business, which includes brands like Pantene and Olay, saw volume fall 2% in the quarter. In particular, its skin care segment struggled, with organic sales tumbling more than 20%. P&G blamed the steep decline on lower volume and decreased sales of its pricey SK-II brand, which has struggled ever since pandemic lockdowns.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 545. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Top 3 Risk-Averse Stocks to Add Stability to Your PortfolioStocks Analysis by MarketBeat.com (Jeffrey Neal Johnson) covering: Johnson & Johnson, Procter & Gamble Company, Nextera Energy Inc. Read MarketBeat.com (Jeffrey Neal Johnson)'s latest article on Investing.com
ソース: Investingcom - 🏆 450. / 53 続きを読む »

Cramer's week ahead: Major banks, Taiwan Semi and Netflix report as earnings season gets into full swingCharles Schwab, Bank of America, Johnson & Johnson, Walgreens, UnitedHealth Group Morgan Stanley, Procter & Gamble and Abbott Laboratories all report earnings.
ソース: CNBC - 🏆 12. / 72 続きを読む »