Procter & Gamble revenue misses estimates due to weak US spending

Core Insights - Procter & Gamble reported second-quarter revenue that fell short of Wall Street expectations due to weak consumer spending in key categories such as U.S. laundry detergent and toilet paper [1] Company Performance - The company's revenue was impacted by a decline in consumer demand, particularly in its core product lines [1] - Procter & Gamble's performance indicates challenges in the consumer goods sector, reflecting broader trends in consumer spending behavior [1] Industry Context - The results highlight ongoing difficulties within the consumer goods industry, as companies face pressure from changing consumer preferences and economic conditions [1] - Weakness in core categories suggests potential shifts in market dynamics that could affect future sales and profitability for companies in this sector [1]