The Procter & Gamble Company (P&G) said Friday that its net sales in the first quarter of its fiscal 2025 came in at $21.7 billion, dropping 1% from a year ago and coming lower than estimates. Meanwhile, net earnings and diluted earnings per share tumbled 12% year over year, landing at $3.9 billion and $1.61, respectively.
Gross profit came unchanged at $11.3 billion while operating income rose 1% to $5.7 billion. For the full year 2025, the company kept its guidance of diluted EPS growth "in the range of 10% to 12%" and sales forecast progress "in the range of two to four percent versus the prior year."
"Our organic sales growth, earnings and cash results in the first quarter keep us on track to deliver within our guidance ranges on all key financial metrics for the fiscal year," CEO and Chairman Jon Moeller commented. The company's shares advanced 0.42% in the premarket to $172 apiece following the release of the report.
