Shares of Tide and Pampers parent Procter & Gamble (PG) rose 3% Wednesday after the consumer goods giant posted fiscal 2025 second-quarter net sales that topped Wall Street estimates.
Net sales grew 2% year-over-year to $21.88 billion, beating analysts' consensus compiled by Visible Alpha of $21.59 billion. Net income was $4.63 billion, or $1.88 per share, matching expectations.
P&G's Baby, Feminine & Family Care segment, which includes Tampax and Pampers, saw sales rise 3%. Sales rose 2% at Fabric & Home Care, featuring Tide and Febreze products, as well as at Health Care, which includes Crest and Pepto Bismol. Grooming, featuring Gillette and Venus razors, saw revenue grow 1%, while Beauty sales, including the Head & Shoulders and Old Spice brands, were flat.
P&G affirmed its fiscal 2025 outlook, forecasting sales growth of 2% to 4% from $84 billion last year and earnings per share (EPS) growth of 10% to 12% from $6.02 in fiscal 2024. The company also reiterated its plan to repurchase $6 to $7 billion worth of shares this fiscal year.
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