Procter & Gamble earnings are out – Here are the numbers

Here's what the company reported compared with what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, were expecting:For 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.Also on CNBC

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Procter & Gamble earnings: What to expectP&G is expected to report higher profit and revenue for its fiscal first quarter
Source: MarketWatch - 🏆 3. / 97 Read more »

Procter & Gamble is about to report earnings. Here's what to expectProcter & Gamble's shares have fallen 3.7% this year, dragging its market value down to $344 billion.
Source: CNBC - 🏆 12. / 72 Read more »

Procter & Gamble is about to report earnings. Here's what to expectProcter & Gamble’s shares have fallen 3.7% this year, dragging its market value down to $344 billion.
Source: NBCDFW - 🏆 288. / 63 Read more »