It turns out Procter & Gamble, the company which makes household staples like Tide detergent, Bounty paper towels, and Crest toothpaste, made more money last quarter because it raised prices on its household items, showing that even with inflation, people are still buying the company’s higher-priced products. During its latest quarterly earnings report on Tuesday (Jan. 23), the company also revealed that in addition to price hikes driving most of the sales growth, customers also purchased more items from P& ...

The Procter & Gamble Company (NYSE:PG) Q2 2024 Earnings Conference Call January 23, 2024 8:30 AM ET Company Participants Andre Schulten - CFO Jon Moeller - Chairman of the Board, President and CEO Jon Chevalier - SVP, IR Conference Call Participants Dara Mohsenian - Morgan Stanley Bryan Spillane - Bank of America Lauren Lieberman - Barclays Rob Ottenstein - Evercore ISI Steve Powers - Deutsche Bank Filippo Falorni - Citi Chris Carey - Wells Fargo Securities Andrea Teixeira - JPMorgan Peter Grom - UBS Jason ...

Key TakeawaysProcter & Gamble's Q2 FY2024 earnings and revenue missed analyst expectations.Revenue rose 3% from a year ago to $21.4 billion, thanks to higher prices.Net earnings fell 12% to $3.46 billion or $1.4 per diluted share due to an impairment charge.A $1.3 billion impairment charge due to a reduction in intangible value of the Gillette brand also forced P&G to cut back its FY2024 earnings projection.The Procter & Gamble Company's (PG) sales rose, driven by higher prices, but a $1.3 billion impairmen ...

The Procter & Gamble Company (PG) has reported strong results in second-quarter fiscal 2024, wherein earnings surpassed the Zacks Consensus Estimate. Sales and earnings improved year over year. The company’s organic sales grew, driven by robust pricing, along with strength across segments.Procter & Gamble’s core earnings of $1.84 per share increased 16% from $1.59 in the year-ago quarter. The figure also beat the Zacks Consensus Estimate of $1.70. The strong bottom-line results have stemmed from improved sa ...

Procter & Gamble on Tuesday said sales of its high-end SK-II skincare brand fell 34% in the Greater China region during its latest quarter — and it blamed an unlikely culprit.With its high prices and reliance on travel retail, Japan-based SK-II has struggled as China's economic recovery lags. But P&G executives also pointed to another factor that contributed to the brand's cratering sales during the fiscal second quarter: anti-Japanese sentiment.In August, Japan started releasing a huge amount of treated ra ...

Cincinnati-based Procter & Gamble Co (NYSE:PG) is one of the first blue chips to kick off earnings season, beating profit expectations but missing on revenue for its fiscal second quarter. Annual outlook also took a hit, as the company did a write-down of its Gillette unit back in December. At last glance, PG is up 5.3% to trade at $155.67.On the charts Procter & Gamble stock has struggled to maintain stability, with yesterday's pullback captured by its 360-day moving average. The shares are clinging to a m ...

Procter & Gamble (PG) reported $21.44 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 3.2%. EPS of $1.84 for the same period compares to $1.59 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $21.55 billion, representing a surprise of -0.49%. The company delivered an EPS surprise of +8.24%, with the consensus EPS estimate being $1.70.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Shares of consumer goods giant Procter & Gamble (PG 4.88%) jumped on Tuesday after the company reported financial results for its fiscal second quarter of 2024. As of 9:45 a.m. ET, P&G stock was up 5%, which is a big move for a company of this size.P&G delivers a mostly encouraging quarterP&G's Q2 ended in December and sales were close to what Wall Street expected. The company generated net sales of $21.4 billion which was up 3% year over year. However, this growth was entirely driven by higher prices. By c ...

Procter & Gamble’s price hikes boosted its earnings in the latest quarter, the company reported Tuesday, indicating that inflation-battered consumers haven’t turned away from the company’s higher-priced household items.Aside from price increases largely fueling sales growth, shoppers also bought more products across P&G’s beauty lines and health and family care offerings.P&G said that its organic sales rose 4% in the second quarter of its 2024 fiscal year compared to the same period in 2023. The sales metr ...

Key PointsProctor & Gamble had a solid quarter with impressive margins.Cash flow and FCF are sufficient to sustain the outlook for capital returns and capital return growth. Analysts view this stock as undervalued and forecast a double-digit upside for the market. 5 stocks we like better than Procter & GambleProctor & Gamble’s NYSE: PG stock price entered consolidation following the  COVID-19 bubble, but its uptrend is intact, and a trend-following signal is in play. Because the stock has sustained such a p ...