Core Viewpoint - Procter & Gamble (P&G) has experienced a significant decline in stock performance compared to the S&P 500, raising questions about its ability to recover to previous highs [1][4]. Group 1: Stock Performance - P&G's stock reached an all-time closing high of $179.90 per share on December 2, 2024, but has since fallen over 13% from that peak [1]. - From December 2018 to November 2023, P&G shares outperformed the market, returning 83.4% compared to the S&P 500's 81.4% [2]. - A sharp decline in P&G's stock occurred in December 2023, which disrupted its historical performance despite a recovery in the following months [4]. Group 2: Historical Returns - On the day P&G hit its all-time high, its five-year total return was 65.7%, significantly trailing the S&P 500's total return of 110.3% [4]. - It is recommended to analyze multiple timeframes, including one-, five-, and ten-year returns, when assessing a stock's historical performance [5]. Group 3: Company Fundamentals - P&G's revenue is at an all-time high of $84.3 billion, with net income rising sharply to $16.1 billion [6]. - The company plans to cut 7,000 jobs and divest underperforming brands to focus on its major revenue-generating products [6]. - Potential risks to sales of P&G's higher-priced brands may arise in the event of a recession, which could be contributing to the stock's current struggles [6].