P&G reports profit decline but maintains guidance

Published: Oct. 19, 2021 astatine 7:23 a.m. ET

Procter & Gamble Co. shares slipped 0.8% successful Tuesday premarket trading aft the user packaged goods institution reported fiscal Q1 nett that fell versus past year. Net income totaled $4.112 billion, oregon $1.61 per share, down from $4.277 billion, oregon $1.63 per share, past year. Sales of $20.338 cardinal were up from $19.318 cardinal past year. The FactSet statement was for EPS of $1.59 and income of $19.826 billion. Sales successful each segments, including beauty, grooming and cloth attraction were up. P&G brands see Tide, Always, Bounty and Dawn. "These results support america connected way to present our top-line, bottom-line and currency targets...