The tide clothing detergent is exhibited in Compton, California.
Mike Blake | Reuters
Procter and bet On Thursday, Mixed quarterly results reported as the demand for its products fell, cool a dimmer perspect for the current quarter and said that price increases could come.
The company, which has Tide and Charmin, reduced its forecast for central profits per share and income for the full fiscal year, which is in its last quarter. The CEO of P&G, Jon Moeller, cited new rates, and the company’s plans to invest in its brands last a period of uncertainty, such as the reasons for its cut perspective.
P&G has already manufactures many of the products sold nationwide in the United States, but the tariffs of President Donald Trump will probably increase some of his costs.
“There will probably be prices, rates are inherently inflationary, but we are also looking for supply options,” Moeller said in the “square box” of CNBC on Thursday.
He added that the price increases linked to rates would occur in the next fiscal year, which begins in July.
The shares of the company fell more than 1% negotiation prior to marketing.
This is what the company reported compared to what Wall Street expected, based on an LSEG analysts survey:
- Gains per share: $ 1.54 compared to $ 1.53 expected
- Income: $ 19.78 billion compared to $ 20.11 billion expected
Only sales fell 2% to $ 19.78 billion. The organic sales of the company, which eliminate foreign acquisitions, divestments and currency, increased by 1%.
The volume of P&G fell 1% in the quarter. The volume excludes prices, which makes it a more precise reflection of demand than sales.
The female, female and family care division of P&G reported a 2% decrease in the volume, the most pronounced decrease in its segments. The three parts of the business, which include Pampers diapers and paper towels from the mountains, the duration of the volume is reduced in the room.
Both the medical care and fabric divisions and home care of P&G saw the volume 1%fall. The demand for its oral care products, such as oral toothbrush-B and crest toothpaste, reduced the duration of the room. Thus, the demand for your home care products, which include detergent in waterfall and swiffer rapes.
The company’s beauty segment, which includes Olay and SK-II, reported flat volume for the quarter. P&G said the volume decreased in the Gran China, its second largest market.
The P&G cleaning business, which includes Gillette and Venus Razors, was the only segment to inform volume growth. Its volume increased by 1%.
With a remaining quarter in its fiscal year, P&G now expects flat sales growth for fiscal year 2025, below its previous prognosis or income growth or 2% to 4%. The company also reduced its main profits per share of shares at $ 6.72 to $ 6.82, below its previous perspective or $ 6.91 to $ 7.05.
P&G reported net income from the third quarter attributable to the company of $ 3.77 billion, or $ 1.54 per share, compared to $ 3.75 billion, or $ 1.52 per share, a year earlier.
This story is developing. Consult the updates again.
