Procter & Gamble Q2 revenue and earnings beat expectations
By Iain Gilbert
Date: Wednesday 22 Jan 2025
(Sharecast News) - Consumer goods business Procter & Gamble posted Q2 earnings and revenue that came in ahead of expectations on Wednesday, driven by growing demand for a number of household staples.
Procter & Gamble said earnings had risen from $3.47bn to $4.63bn in the three months ended 31 December, while net sales rose 2% to $21.88bn, with organic revenues growing 3% in the quarter.
The Cincinnati-based firm said its baby, feminine and family care division saw volumes increase by 4%, while its grooming segment posted a 2% rise in volumes and its fabric and home care division reported a volume increase of 1%. P&G's healthcare segment reported flat volumes and its beauty business saw volumes small 1%.
P&G also reiterated its guidance for FY25, stating that core net earnings per share were expected to be in a range of $6.91 to $7.05 and revenues were predicted to grow 2-4%.
As of 1600 GMT, P&G shares were up 2.18% at $165.24 each.
Reporting by Iain Gilbert at Sharecast.com
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