Procter & Gamble earnings beat estimates, but weak demand in China hurts sales

Boxes of Bounce dryer sheets owned by the Procter & Gamble company are seen on a store shelf on October 20, 2020 in Miami, Florida.

Joe Raedle | Getty Images

Procter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed on its sales.

Shares of the company were flat in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

Earnings per share: $1.93 adjusted vs. $1.90 expected
Revenue: $21.74 billion vs. $21.91 billion expected

P&G reported fiscal first-quarter net income attributable to the company of $3.96 billion, or $1.61 per share, down from $4.52 billion, or $1.83 per share, a year earlier.

Excluding restructuring charges and other items, the company earned $1.93 per share.

Net sales dropped 1% to $21.71 billion.

Source

Business

American Airlines is arriving late to the luxury travel boom. Can it catch up?

October 26, 2025

An American Airlines Airbus A321 taxis at San Diego International Airport as a United Airlines airplane departs on August 24, 2024 in San Diego, California. Kevin Carter | Getty Images News | Getty Images FORT WORTH, Texas — American Airlines started pouring customers Champagne Bollinger in its top-tier lounges and cabins this fall. But at […]

Business

One in three Manhattan condo owners lost money when they sold in the last year

October 25, 2025

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. More than a third of the condo apartments sold in Manhattan over roughly the past year sold at a loss, although the top end of […]

Business

With two months to Christmas, here’s what retail leaders expect for holiday shopping

October 24, 2025

There’s just two months until Christmas Eve, and retailers are meeting a more cautious shopper with earlier offerings. Most retailers won’t report third-quarter results or updated holiday expectations until just before Thanksgiving, largely considered the sector’s most important week of the year. By then, many shoppers will have already started checking off holiday shopping lists. […]