Overview
- Revenue rose 1% to $22.21 billion, slightly below estimates, while adjusted earnings per share came in at $1.88, topping forecasts.
- Overall volumes fell 1% as three of five categories declined, with beauty volumes up about 3% and baby, feminine and family care retreating.
- The company cut its fiscal-year net EPS growth target to 1%–6% due to higher restructuring charges but reaffirmed its adjusted EPS and sales ranges.
- P&G plans to eliminate about 7,000 non-manufacturing roles over two years as part of its restructuring program.
- Management cited pressure on lower-income shoppers, a U.S. government shutdown that delayed food aid, tariffs and tough year-ago comparisons as key drags on the quarter.