Procter & Gamble Dinged By Beauty and Diaper Sales Declines

Shares of Procter & Gamble (PG) tumbled Tuesday erstwhile nan user products elephantine missed gross estimates arsenic income of its beauty products and diapers declined.

P&G reported fiscal 2024 fourth-quarter gross was fundamentally unchanged from past twelvemonth astatine $20.53 billion, affected by “unfavorable overseas speech impacts,” while nan mean of analysts surveyed by Visible Alpha came successful astatine $20.75 billion. Adjusted earnings per stock (EPS) of $1.40 was supra forecasts.

CFO Says Supply-Chain Constraints Hit Luvs

Beauty section income fell 1% year-over-year to $3.72 billion, wounded by little request for nan super-premium SK-II marque and successful Greater China. Sales astatine its Baby, Feminine & Family Care portion dropped 3% to $5.01 billion, and Chief Financial Officer (CFO) Andre Schulten explained successful an question and reply that nan institution wasn't capable to innovate its Luvs diaper marque because of supply-chain constraints.

Chief Executive Officer (CEO) Jon Moeller said nan institution faced "a challenging economical and geopolitical environment" during nan year.

Even pinch today's 6% declines to $159.69 arsenic of 11 a.m. ET, shares of Procter & Gamble are astir 9% higher year-to-date.