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Procter & Gamble Cuts 2025 Forecasts Following Sales Decline

The consumer goods giant adjusts its outlook as trade tensions and slowing consumer spending weigh on performance.

A plant wall with Procter & Gamble's logo is pictured at the entrance to the company's highly automated cleaning products factory in Tabler Station, West Virginia, U.S., May 28, 2021. Picture taken May 28, 2021. REUTERS/Timothy Aeppel/File Photo
Bottles of Pepsi are displayed on a shelf in a supermarket in Sarajevo, Bosnia and Herzegovina October 29, 2024. REUTERS/Dado Ruvic/File Photo
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Overview

  • P&G reported a 2% drop in Q3 FY25 net sales to $19.78 billion, falling short of analysts’ expectations of $20.11 billion.
  • The company revised its fiscal 2025 sales guidance to flat year-over-year, down from its earlier projection of 2% to 4% growth.
  • Core earnings per share guidance was lowered to $6.72–$6.82, from the previous range of $6.91–$7.05.
  • CEO Jon Moeller attributed the adjustments to weaker consumer spending and market challenges, while expressing confidence in long-term growth prospects.
  • P&G shares declined nearly 2% following the announcement, reflecting investor concerns over the lowered outlook.