Shares of Procter & Gamble (NYSE:PG) dropped 6% intra-day today after the consumer goods giant reported a revenue miss for its fourth quarter, despite posting a slight EPS beat.

For Q4, Procter & Gamble reported an EPS of $1.40, surpassing the Street estimate of $1.37. However, the company's revenue for the quarter was $20.53 billion, falling short of the Street estimate of $20.73 billion.

The company's net sales for the fourth quarter remained flat year-over-year, while organic sales increased by 2%. This growth was driven by a 1% increase in all-in volume and a 1% rise in pricing, which were partially offset by a 2% negative impact from foreign exchange.

Jon Moeller, Chairman, President, and CEO, highlighted P&G's success in meeting or exceeding targets for organic sales growth, core EPS growth, cash generation, and cash returns to shareholders despite challenging economic and geopolitical conditions.

Looking ahead to fiscal 2025, Procter & Gamble provided guidance for all-in sales growth in the range of 2% to 4% compared to the prior year, with organic sales expected to grow between 3% and 5%.

The company also anticipates diluted net earnings per share growth of 10% to 12%. This guidance suggests a range of $6.91 to $7.05 per share, with a midpoint estimate of $6.98, representing a 6% increase and slightly above the Street estimate of $6.96.