Procter & Gamble's latest results didn't meet market expectations, but the firm pushed back on suggestions consumer spending is weakening as some analysts suggest, instead pointing to ongoing headwinds it expected to dissipate by now.
Lingering Headwinds Slow Latest Results, But P&G Rebuffs Concerns About Consumer Spending
P&G's FY2024 Q4 net sales were flat at $20.5bn, lower than consensus estimates, but the firm says its underlying business divisions are healthy and forecasts FY2025 sales up 2% to 4%, up 3% to 5% organically.
