Procter & Gamble Stock Gains After Sales Exceed Expectations | Global News Avenue

Shares of Tide and Pampers parent Procter & Gamble (PGShares of the consumer products giant rose 3% on Wednesday after the company reported second-quarter net sales for fiscal 2025 that beat Wall Street expectations.

Net sales rose 2% year over year to $21.88 billion, beating the Visible Alpha analyst consensus forecast of $21.59 billion. Net profit was $4.63 billion, or $1.88 per share, in line with expectations.

Sales at P&G’s baby, feminine and home care segment, which includes Tampax and Pampers, rose 3%. Sales of fabric and home care products, featuring Tide and Febreze products, and healthcare products including Crest and Pepto Bismol increased 2%. Revenue in the beauty business, which features Gillette and Venus razors, rose 1%, while revenue in the beauty business, which includes the Head and Shoulders and Old Spice brands, was flat.

Procter & Gamble confirmed its outlook for fiscal 2025, expecting sales to grow 2% to 4% from last year’s $84 billion. Earnings per share (EPS) Growth in fiscal 2024 will be 10% to 12% from $6.02. The company also reiterated plans to repurchase $6 to $7 billion worth of stock this fiscal year.