Procter & Gamble sales decline in Q3 FY25, cuts profit outlook due to costs
From Yahoo Finance: 2025-04-24 11:17:00
Procter & Gamble (NYSE: PG) shares dropped after reporting a 2.1% sales decline in the third quarter of FY25. Organic sales rose 1%, with adjusted EPS beating estimates at $1.54. Gross profit fell 2.5% to $10.08 billion, and operating margin expanded to 23%.
P&G returned $3.8 billion to shareholders in Q3 through dividends and share repurchases. The company held $10.23 billion in cash and equivalents at the end of December, with operating cash flow of $3.7 billion. CEO Jon Moeller remains confident in long-term growth prospects.
Outlook for fiscal 2025 includes all-in sales in line with the prior year and organic sales growth of 2%. Adjusted EPS forecast was lowered, citing commodity cost headwinds and unfavorable foreign exchange rates. P&G expects to pay dividends and repurchase shares totaling $16-$17 billion in fiscal 2025.