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July 30, 2021, 7:13 a.m. EDT

Procter & Gamble stock rallies after profit and revenue rise above expectations

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By Tomi Kilgore

Shares of Procter & Gamble Co. /zigman2/quotes/202894679/composite PG +0.26% rallied 1.0% in premarket trading Friday, after the consumer products giant reported fiscal fourth-quarter profit and sales that rose above expectations, with the strongest growth in its health care and beauty businesses. Net income for the quarter to June 30 rose to $2.91 billion, or $1.13 a share, from $2.80 billion, or $1.07 a share, in the year-ago period. The FactSet consensus for earnings per share was $1.09. Sales increased 7.1% to $18.95 billion, boosted by increases in shipment volume and pricing, to top the FactSet consensus of $18.40 billion. All of P&G's business segments saw sales grow from a year ago, with sales up 18% in health care, 11% in beauty, 10% in grooming, 5% in fabric & home care and 1% in baby, feminine & family care. For fiscal 2022, the company expects adjusted EPS growth of 3% to 6% and sales to rise 2% to 4% from a year ago. The FactSet EPS consensus of $5.90 implies 4.2% growth and sales consensus of $78.22 billion implies 2.8% growth. The stock has gained 4.5% over the past three months through Thursday, while the SPDR Consumer Staples Select Sector ETF /zigman2/quotes/200697959/composite XLP -0.24% has tacked on 2.6% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.09% has advanced 3.6%.

$ 144.42
+0.37 +0.26%
Volume: 6.92M
Oct. 15, 2021 4:02p
P/E Ratio
Dividend Yield
Market Cap
$350.70 billion
Rev. per Employee
US : U.S.: NYSE Arca
$ 70.81
-0.17 -0.24%
Volume: 11.58M
Oct. 15, 2021 4:00p
US : Dow Jones Global
+382.20 +1.09%
Volume: 327.87M
Oct. 15, 2021 4:46p

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