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Procter & Gamble tops earnings, revenue estimates even as higher prices drive some consumers away

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

The company's volume fell for the sixth consecutive quarter.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:P&G reported fiscal first-quarter net income attributable to the company of $4.52 billion, or $1.83 per share, up from $3.94 billion, or $1.57 per share, a year earlier.

The company's baby, feminine and family care segment reported its volume fell 3%. The division includes brands like Pampers and Bounty.The company's fabric and home care business saw its volume shrink 1%, even as customers bought more of its premium cleaning products, which include Swiffer and Cascade.

 

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