Procter & Gamble earnings beat estimates as shoppers buy more household staples – CNBC

Credit CardsLoansBankingMortgagesInsuranceCredit MonitoringPersonal FinanceSmall BusinessTaxesHelp for Low Credit ScoresInvestingSELECTAll Credit CardsFind the Credit Card for YouBest Credit CardsBest Rewards Credit CardsBest Travel Credit CardsBest 0% APR Credit CardsBest Balance Transfer Credit CardsBest Cash Back Credit CardsBest Credit Card Welcome BonusesBest Credit Cards to Build CreditSELECTAll LoansFind the Best Personal Loan for YouBest Personal LoansBest Debt Consolidation LoansBest Loans to Refinance Credit Card DebtBest Loans with Fast FundingBest Small Personal LoansBest Large Personal LoansBest Personal Loans to Apply OnlineBest Student Loan RefinanceSELECTAll BankingFind the Savings Account for YouBest High Yield Savings AccountsBest Big Bank Savings AccountsBest Big Bank Checking AccountsBest No Fee Checking AccountsNo Overdraft Fee Checking AccountsBest Checking Account BonusesBest Money Market AccountsBest CDsBest Credit UnionsSELECTAll MortgagesBest MortgagesBest Mortgages for Small Down PaymentBest Mortgages for No Down PaymentBest Mortgages with No Origination FeeBest Mortgages for Average Credit ScoreAdjustable Rate MortgagesAffording a MortgageSELECTAll InsuranceBest Life InsuranceBest Homeowners InsuranceBest Renters InsuranceBest Car InsuranceTravel InsuranceSELECTAll Credit MonitoringBest Credit Monitoring ServicesBest Identity Theft ProtectionHow to Boost Your Credit ScoreCredit Repair ServicesSELECTAll Personal FinanceBest Budgeting AppsBest Expense Tracker AppsBest Money Transfer AppsBest Resale Apps and SitesBuy Now Pay Later (BNPL) AppsBest Debt ReliefSELECTAll Small BusinessBest Small Business Savings AccountsBest Small Business Checking AccountsBest Credit Cards for Small BusinessBest Small Business LoansBest Tax Software for Small BusinessSELECTAll TaxesFiling For FreeBest Tax SoftwareBest Tax Software for Small BusinessesTax RefundsTax BracketsTax TipsTax By StateTax Payment PlansSELECTAll Help for Low Credit ScoresBest Credit Cards for Bad CreditBest Personal Loans for Bad CreditBest Debt Consolidation Loans for Bad CreditPersonal Loans if You Don’t Have CreditBest Credit Cards for Building CreditPersonal Loans for 580 Credit Score or LowerPersonal Loans for 670 Credit Score or LowerBest Mortgages for Bad CreditBest Hardship LoansHow to Boost Your Credit ScoreSELECTAll InvestingBest IRA AccountsBest Roth IRA AccountsBest Investing AppsBest Free Stock Trading PlatformsBest Robo-AdvisorsIndex FundsMutual FundsETFsBondsIn this articleProcter & Gamble on Wednesday reported quarterly earnings and revenue that beat analysts’ expectations, thanks to better sales in the U.S. and China, its two largest markets.Shares of the company rose more than 3% in morning trading.Here’s what the company reported for the quarter ended Dec. 31 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:P&G reported fiscal second-quarter net income attributable to the company of $4.63 billion, or $1.88 per share, up from $3.47 billion, or $1.40 per share, a year earlier.Net sales rose 2% to $21.88 billion.The company’s organic revenue, which excludes currency changes and divestments, increased 3% in the quarter, boosted by improved performance in Greater China. Organic sales in Greater China were down just 3%, compared with a 15% decline last quarter.”I want to be clear: I don’t think China is out of the woods. This will continue to be difficult. This will continue to be volatile … But it’s good to see the trend going more positive,” CFO Andre Schulten told analysts on the company’s conference call.P&G’s volume grew 1% during the period, despite setbacks that included the U.S. port strike, Hurricane Milton and a two-week outage of its global transportation management system. Volume excludes pricing, which makes it a more accurate reflection of demand than sales.Like many consumer companies, P&G has seen weaker demand for its products after several years of price hikes. Schulten described the U.S. consumer as “volatile,” after shoppers stocked up on household staples before the port strike in October, used up the stockpile through November and then bought more in December. But excluding those challenges, he said that the U.S. and European consumer is generally stable.The company’s baby, feminine and family care division reported the biggest increase in volume, with a 4% jump. P&G credited its family care and feminine care brands, which include its Charmin, Puffs and Tampax products. But baby care organic sales slid by low single digits, as fewer parents bought Pampers diapers.P&G’s grooming segment, which includes Gillette razors, saw volume rise 2% in the quarter. The company said innovation fueled the increase in volume.The company’s fabric and home care division reported a volume increase of 1%. The segment includes Tide, Swiffer and Cascade products.P&G’s health-care segment, which includes Pepto Bismol and Oral-B products, reported flat volume.Only P&G’s beauty division posted shrinking volume for the quarter. The company said that volume for its hair-care products declined in its Greater China market, and its skin-care segment, which includes Olay products, saw global volume decrease. Overall, the company’s beauty division saw volume fall 1%.P&G also reiterated its fiscal 2025 forecast. It anticipates core net earnings per share in a range of $6.91 to $7.05 and revenue growth of 2% to 4%.Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2025 CNBC LLC. All Rights Reserved. A Division of NBCUniversal
Data is a real-time snapshot *Data is delayed at least 15 minutes.
Global Business and Financial News, Stock Quotes, and Market Data
and Analysis.
Data also provided by

Source: https://www.cnbc.com/2025/01/22/procter-gamble-pg-q2-2025-earnings.html