While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Shares of P&G have returned -0.5% over the past month versus the Zacks S&P 500 composite's -5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near t ...

Financial Data and Key Metrics Changes - Organic sales for the quarter grew by 1%, with volume and mix in line with the prior year and pricing contributing an additional 1% to organic sales growth [5][11] - Core earnings per share (EPS) were $1.54, up 1% year-over-year, while on a currency-neutral basis, core EPS increased by 3% [11] - Core gross margin decreased by 30 basis points, while core operating margin increased by 90 basis points [11] Business Line Data and Key Metrics Changes - Personal Healthcare saw high single-digit growth, while Skin and Personal Care grew in the mid-single digits [6] - Fabric Care, Oral Care, Feminine Care, Grooming, and Hair Care were stable to up low single digits, whereas Family Care, Baby Care, and Home Care experienced low single-digit declines [6] - Organic sales in Focus Markets grew by 1%, while Enterprise Markets grew by 2% [7] Market Data and Key Metrics Changes - Organic sales in North America grew by 1%, a decline from the previous trend of 4% growth over the last five quarters [7] - In Europe, organic sales were up 1%, but France faced significant challenges with organic sales down in the high teens [9] - Greater China saw a 2% decline in organic sales, although SK II grew in double digits due to strong consumer response [9][66] Company Strategy and Development Direction - The company is focused on investing in long-term brand health, innovation, and demand creation despite near-term volatility [5][14] - The strategy emphasizes delivering superiority across all product categories and maintaining strong margin investment levels [15][16] - The company aims to mitigate cost and currency headwinds while driving margin expansion through productivity improvements [15][16] Management's Comments on Operating Environment and Future Outlook - Management noted that the operating environment remains volatile, with challenges from input costs, currencies, and geopolitical dynamics [24][30] - The company expects organic sales growth of approximately 2% for the fiscal year, with a range of 0.5% to 4.5% for the fourth quarter [24][25] - Management remains committed to innovation and investment to drive market growth and balanced growth in the long term [30][76] Other Important Information - The company returned nearly $3.8 billion to shareholders this quarter, including $2.4 billion in dividends and $1.4 billion in share repurchases [12] - The company announced a 5% increase in its dividend, marking the 69th consecutive annual dividend increase [12] Q&A Session Summary Question: Consumer behavior in the U.S. and Europe - Management acknowledged a slowdown in consumer takeaway and noted that U.S. consumer confidence metrics are weak, with a shift towards online and big box retailers [32][34] Question: Modeling for fiscal 2026 - Management indicated that global growth rates have decreased from 3.5% to 2.5%, but they expect markets to return to 3% to 4% growth in the mid-term [42][44] Question: Investment behind innovation - Management confirmed that investment levels in media and advertising remain flat as a percentage of sales, with a strong focus on supporting innovation [50][52] Question: Positioning against consumer trade down - Management believes the company is well-positioned to serve consumers across various price points and has a broad portfolio to address shifting consumer value equations [55][57] Question: Brand sentiment and market performance in China - Management reported no significant anti-American sentiment affecting brand performance, with SK II showing strong growth in China [63][66] Question: Tariff impacts and pricing strategies - Management discussed the estimated tariff impact of $1 billion to $1.5 billion before tax and emphasized the need for productivity and pricing strategies to mitigate these costs [98][102]

Core Viewpoint - Procter & Gamble (P&G) reported quarterly earnings of $1.54 per share, matching the Zacks Consensus Estimate, and showing a slight increase from $1.52 per share a year ago [1]. Financial Performance - P&G's revenues for the quarter ended March 2025 were $19.78 billion, missing the Zacks Consensus Estimate by 2.75%, and down from $20.2 billion year-over-year [2]. - Over the last four quarters, P&G has surpassed consensus EPS estimates three times, but has only topped revenue estimates once [2]. Stock Performance - P&G shares have declined approximately 1.2% since the beginning of the year, contrasting with the S&P 500's decline of 8.6% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.52 on revenues of $21.08 billion, and for the current fiscal year, it is $6.87 on revenues of $84.93 billion [7]. - The trend of earnings estimate revisions for P&G is mixed, which could change following the recent earnings report [6]. Industry Context - The Consumer Products - Staples industry, to which P&G belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].

在关税政策愈发不明朗的背景下，周四，消费品巨头宝洁公司大幅下调全年销售和利润预期，并报告第三季度净销售额出现超预期下滑。 24日，宝洁公布2025全年业绩预估： 作为消费品行业的晴雨表，宝洁公司目前预计2025财年总净销售额将与上一财年大致持平，远低于此前2%至4%的增长目标。 宝洁从海外进口原材料、包装材料和部分成品到美国，而其在美国生产并出口到加拿大的商品也可能受到关税打击。 不过，发言人强调，宝洁在美国销售的产品中约90%是在国内生产的。尽管如此，宝洁此前已表示可能不得不提高价格以抵消关税影响。 宝洁并非唯一一家在当前经济环境中挣扎的消费品巨头。竞争对手Reckitt周三报告称，其在欧洲和北美的销售量有所下降。清洁纸巾制造商 Kimberly-Clark本周早些时候也下调了年度利润预期，并表示今年将因贸易关税而产生约3亿美元的成本。 然而，行业内部也出现了明显分化。雀巢和联合利华的季度销售额均超过市场预期，前者受益于包装食品业务的较高价格，后者则依靠多芬香皂 和凡士林等顶级品牌的强劲表现。 预计核心每股收益增幅+2％至+4％，此前预计+5％至+7％； 预计内生性收入大约+2％，此前预计+3％至+5％； ...

Company News - Hasbro shares increased over 7% in premarket trading due to better profit margins and the announcement of new Star Wars toys as part of a deal with Disney [3] - Procter & Gamble's shares fell 1.3% after the company reported fiscal third-quarter revenue that missed Street estimates and lowered its guidance [3] - Comcast's shares rose nearly 1% after beating Street expectations on first-quarter profit, although the company continued to lose broadband subscribers [3] - PepsiCo's stock remained relatively unchanged after missing quarterly earnings and cutting its full-year outlook due to the negative impacts of tariffs [4] Market Overview - The S&P 500 added 88 points, or 1.7%, closing at 5,376, while the Dow rose 420 points, or 1.1%, finishing at 39,607, and the Nasdaq jumped 2.5% to 16,708 [5] - The S&P is still down 5.2% since the April 2 'liberation day' announcement, indicating ongoing volatility in the market [6] - Recent tariff relief discussions have led to a flattening of the Treasury yield curve, with 10-year and 30-year Treasury yields down, while the 2-year yield rose to its highest since April 11 [7]

Market Overview - US stock index futures are all down, with Dow futures down 0.47%, S&P 500 futures down 0.31%, and Nasdaq futures down 0.26% [1] - European indices also show declines, with Germany's DAX down 0.07%, UK's FTSE 100 down 0.04%, France's CAC40 down 0.14%, and the Euro Stoxx 50 down 0.18% [2] - WTI crude oil increased by 1.25% to $63.05 per barrel, while Brent crude rose by 1.03% to $66.80 per barrel [2] US Stock Market Insights - Jefferies highlights a critical point for the S&P 500 index at 5500, which needs to be breached to recover from a 19% drop since February's historical high [3] - Christopher Wood from Jefferies suggests that the golden era for US stocks is over, predicting further declines in US equities, bonds, and the dollar [5] Automotive Industry - Japanese automakers saw a surge in US sales in March, with Toyota's sales up 8% to 231,336 units, Honda's up 13%, and Nissan's up 10% [4] Company Earnings Reports - Merck's Q1 earnings exceeded expectations with sales of $15.5 billion, although they anticipate a $200 million loss due to tariffs by 2025 [9] - American Airlines withdrew its 2025 profit guidance, reporting a Q1 net loss of $473 million, worsened by tariff pressures and government spending uncertainties [9] - Procter & Gamble lowered its annual organic sales growth forecast from 3%-5% to 2% due to tariff pressures and fluctuating consumer demand [10] - Sanofi's Q1 earnings surpassed expectations, driven by strong demand for its Dupixent drug, with sales of €9.89 billion [10] - IBM reported Q1 sales of $14.5 billion, exceeding expectations, but concerns remain regarding the impact of tariffs and government spending cuts on business [11] - Texas Instruments provided a positive Q2 earnings outlook, with expected revenue between $4.17 billion and $4.53 billion, driven by improved demand in industrial and automotive sectors [12] Technology Sector - Google Chrome's potential market value is estimated at over $50 billion, according to competitors, amid ongoing antitrust scrutiny [13] - TSMC plans to begin production using A14 chip technology in 2028, aiming to maintain its leadership in the semiconductor industry [13]

Core Viewpoint - Procter & Gamble reported mixed quarterly results, with a decline in product demand leading to a reduction in its full-year forecast for core earnings per share and revenue [1][4]. Financial Performance - The company reported a third-quarter net income of $3.77 billion, or $1.54 per share, which is an increase from $3.75 billion, or $1.52 per share, a year earlier [1]. - Net sales decreased by 2% to $19.78 billion [2]. - Earnings per share of $1.54 exceeded the expected $1.53, while revenue of $19.78 billion fell short of the expected $20.11 billion [4]. Market Reaction - Following the earnings report, shares of Procter & Gamble fell by 2% in premarket trading [1].

宝洁第三季度销售净额197.8亿美元，市场预估202.2亿美元。 第三季度核心每股收益1.54美元，市场预估1.53美元。 宝洁美股盘前跌超2%。 第三季度调整后自由现金流28.5亿美元，市场预估36.9亿美元。 预计全年核心每股收益6.72美元至6.82美元，此前预计6.91美元至7.05美元，市场预估6.88美元。 预计全年内生性收入大约+2％，此前预计+3％至+5％，市场预估+2.54％。 ...

News Release The Procter & Gamble Company One P&G Plaza Cincinnati, OH 45202 P&G ANNOUNCES FISCAL YEAR 2025 THIRD QUARTER RESULTS Net Sales -2%; Organic Sales +1% Diluted EPS and Core EPS $1.54, each +1% UPDATES FISCAL YEAR SALES and EPS GUIDANCE MAINTAINS CASH RETURN GUIDANCE CINCINNATI, April 24, 2025 - The Procter & Gamble Company (NYSE:PG) reported third quarter fiscal year 2025 net sales of $19.8 billion, a decrease of two percent versus the prior year. Organic sales, which excludes the impacts of fore ...

宝洁2025财年Q3营收197.8亿美元，市场预期201亿美元，去年同期201.95亿美元。 ...