Procter & Gamble Stock Falls as Fourth-Quarter Sales Miss Estimates
Shares of Procter & Gamble (PG) dropped 3% after the consumer goods company reported fourth-quarter revenue slightly below Wall Street expectations. The firm posted $21.20 billion in sales, compared to an estimated $21.22 billion by analysts. While adjusted earnings per share came in ahead of forecasts at $1.43 versus expected $1.41, the weaker-than-expected top-line performance led to a stock decline. CEO Shailesh Jejurikar attributed the results to a 'very challenging geopolitical and economic environment,' citing rising prices driven by the Iran war as factors affecting consumer spending. The company revised its 2027 outlook for sales growth of 1%–3%, with adjusted EPS expected to rise flat to 3%. Both figures were below analyst consensus estimates. The stock's decline wiped out most of Procter & Gamble’s gains from the year, leaving it up just 1% in 2026. The company also confirmed plans to complete $1 billion–$1.6 billion in restructuring costs this fiscal year under a previously announced plan that includes layoffs for about 7,000 employees.
Tickers: $PG