Procter & Gamble Co (NYSE:PG) shares are trading lower after the company reported fourth-quarter FY24 sales of $20.53 billion (flat Y/Y), missing the analyst consensus estimate of $20.74 billion.
Organic sales, which excludes the impacts of foreign exchange and acquisitions and divestitures, increased 2%. A one percent increase in all-in volume and one percent increase due to higher pricing were offset by two percentage points of unfavorable foreign exchange impacts.
Sales in the Beauty segment fell 1%, the Grooming segment remained flat, and Health Care increased 3%.
Adjusted EPS of $1.40 beat the analyst consensus …