Procter & Gamble revenue misses estimates as volume stays unchanged
Procter & Gamble reported quarterly earnings per share that topped Wall Street's estimates, but its revenue fell short of expectations.
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Boxes of Tide Pods laundry detergent are displayed at a Costco Wholesale store on May 15, 2026 in San Diego, California.
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Procter & Gamble on Wednesday reported mixed quarterly results, as underwhelming demand for its products resulted in weaker-than-expected sales.
Shares of the company fell more than 3% in premarket trading.
Here's what Procter & Gamble reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
Earnings per share: $1.43 adjusted vs. $1.41 expectedRevenue: $21.2 billion vs. $21.38 billion expectedP&G reported fiscal fourth-quarter net income attributable to the company of $3.04 billion, or $1.26 per share, down from $3.62 billion, or $1.48 per share, a year earlier.
Excluding restructuring costs, transaction gains and other items, the company earned $1.43 per share.
Net sales rose 2% to $21.2 billion.
P&G also announced that CEO Shailesh Jejurikar will become chair of the board, effective Aug. 1, in addition to his current role. He replaces former chief executive Jon Moeller.
