Procter & Gamble Shares Drop After Fourth-Quarter Revenue Misses Estimates
Procter & Gamble shares fell over 3% after reporting fourth-quarter revenue that missed analyst estimates, despite beating profit expectations. The consumer goods company reported $21.2 billion in quarterly sales—up 2% year-over-year but below the expected $21.38 billion—with organic sales remaining flat. Adjusted earnings per share came in at $1.43, exceeding forecasts of $1.41 but down from a year ago. Net income and diluted EPS both declined significantly during the quarter due to contracting margins and rising SG&A costs as a percentage of revenue. The Beauty segment led growth, while Baby, Feminine & Family Care was the only declining category. For fiscal 2027, Procter & Gamble guided for core earnings per share between $6.89 and $7.11—below analyst expectations—and projected net sales growth of just 1% to 3%. CEO Shailesh Jejurikar emphasized the company's focus on long-term momentum despite a challenging economic environment.
Tickers: $PG