
Procter & Gamble (P&G) reported its fiscal year 2025 first quarter results, revealing sluggish sales growth primarily due to weak demand in key markets such as the U.S. and China. The company's quarterly sales slipped, missing analysts' estimates, despite earnings beating expectations with an EPS of $1.90. P&G's sales growth was driven by minimal price increases and weakness in key areas like skin and baby care. The company reported a 2% increase in sales, but premium beauty products, particularly SK-II, faced significant inventory and demand hits in China. P&G's CFO indicated that the Chinese market is expected to remain weak for several quarters. Despite these challenges, P&G maintained its outlook for organic sales growth in the range of three to five percent. Pricing increased by 1%, volume remained flat, and $PG was down 1.3% pre-market.
* P&G CFO SAYS CHINA MARKET CONTINUES TO BE WEAK AND WILL BE WEAK FOR A NUMBER OF QUARTERS TO COME - MEDIA CALL @reuters $PG $FXI
P&G's June to September 2024 Quarter: —Pricing: +1% —Volume: 0%. "The Company also maintained its outlook for organic sales growth in the range of three to five percent" $PG: -1.3% Pre-Market https://t.co/PJJcr8ZOod https://t.co/BhUPMuvEm4
Another dull P&G Q with sales +2%. Lag with Colgate & Unilever likely stayed wide. This time, premium beauty was culprit as SKII saw both trade inventory & demand hits in China. In turns, Estee, L'Oreal, Beiersdorf, LVMH & $PG all fessing up to it $EL $LRLCY $LVMUY https://t.co/qGq9okqjAT



