Procter & Gamble Q4 Sales Grew With Inflation, But Gillette Shaved Off Earnings

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$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 ...