Market Pulse Archives

Oct. 19, 2021, 7:24 a.m. EDT

P&G reports profit decline but maintains guidance

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Procter & Gamble Co. (PG)
  • X
    Dow Jones Industrial Average (DJIA)

or Cancel Already have a watchlist? Log In

By Tonya Garcia

Procter & Gamble Co. /zigman2/quotes/202894679/composite PG -0.26% shares slipped 0.8% in Tuesday premarket trading after the consumer packaged goods company reported fiscal Q1 profit that fell versus last year. Net income totaled $4.112 billion, or $1.61 per share, down from $4.277 billion, or $1.63 per share, last year. Sales of $20.338 billion were up from $19.318 billion last year. The FactSet consensus was for EPS of $1.59 and sales of $19.826 billion. Sales in all segments, including beauty, grooming and fabric care were up. P&G brands include Tide, Always, Bounty and Dawn. "These results keep us on track to deliver our top-line, bottom-line and cash targets for the fiscal year," said Chief Executive David Taylor in a statement. For full fiscal year 2022, P&G still expects all-in sales growth in the range of 2% to 4%, EPS growth in the range of 6% to 9% compared with fiscal 2021 $5.50 last year, and core EPS growth in the range of 3% to 6% compared to $5.66. The FactSet consensus is for sales of $78.866 billion, suggesting growth of 3.6%, and EPS of $5.93, implying 4.8% growth. P&G stock has risen 2.3% for the year to date while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.40% is up 15.2% for the period.

$ 151.75
-0.40 -0.26%
Volume: 7.91M
Dec. 7, 2021 4:02p
P/E Ratio
Dividend Yield
Market Cap
$368.20 billion
Rev. per Employee
US : Dow Jones Global
+492.40 +1.40%
Volume: 482.89M
Dec. 7, 2021 5:05p

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.