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P&G Falls as Inflation-Battered Outlook Trails Its Peers

  • Higher prices drove growth in fourth quarter as volumes shrank
  • Commodity, freight costs seen weighing on results this year


Photographer: Tiffany Hagler-Geard/Bloomberg
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Procter & Gamble Co. shares fell after its forecast for earnings and sales growth lagged Wall Street estimates and it warned about another year of elevated costs, showing that the consumer-products giant is struggling more than some peers amid high inflation.

The company expects earnings per share in the current fiscal year, ending in June, to be in a range around $5.93, it said Friday in a statement. The average estimate of 26 analysts polled by Bloomberg was $6.06. In the closely watched metric of organic revenue growth, which strips out some items, the maker of Pampers diapers and Tide laundry products is targeting a range of 3% to 5% for the year, below the 5.2% projection of four analysts.