The Procter & Gamble Company (NYSE:PG) reported its Q2 results on Thursday, highlighted by a decrease in net sales, which was due to the strong U.S. dollar nega

The Procter & Gamble Reported Q2 Results, Net Sales Negatively Impacted by FX

Jan 23, 2023 8:06 AM - Davit Kirakosyan

blog post cover photo

Image credit: FMP

The Procter & Gamble Company (NYSE:PG) reported its Q2 results on Thursday, highlighted by a decrease in net sales, which was due to the strong U.S. dollar negatively impacting international demand for PG’s consumer goods.

Net sales came in at $20.8 billion (down 1% year-over-year). The company, which generates over half of its income from international markets, announced that an "adverse" foreign exchange market had a 6% impact on net sales. Despite this, the figure was slightly above the Street estimate of $20.74 billion. The company reported Q2 EPS of $1.59, compared to the Street estimate of $1.58.

The higher pricing, however, likely allowed gross margins to finish roughly in line with Street expectations (47.5% vs. Street’s 47.3%). Growth across Beauty, Grooming, and Health Care lagged expectations, while Fabric & Home Care came in stronger (Baby, Feminine, & Family Care in line).

The company provided its outlook for fiscal 2023, raising its all-in sales guidance to (1%)-0% from prior (3%)-(1%). 2023 EPS growth guidance was maintained at 0-4%.

Other Blogs

Sep 11, 2023 1:38 PM - Rajnish Katharotiya

P/E Ratios Using Normalized Earnings

Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...

blog post title

Sep 11, 2023 1:49 PM - Rajnish Katharotiya

What is Price To Earnings Ratio and How to Calculate it using Python

Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...

blog post title

Oct 17, 2023 3:09 PM - Davit Kirakosyan

VMware Stock Drops 12% as China May Hold Up the Broadcom Acquisition

Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...

blog post title


Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
2017-2024 © Financial Modeling Prep