• Earnings Per Share (EPS) of $1.93, beating the estimated $1.90.
• Revenue reported at $21.74 billion, slightly below the estimated $21.99 billion.
• Company maintains full-year guidance with organic sales growth projected at 3% to 5% and core EPS between $6.91 and $7.05.

Procter & Gamble (NYSE:PG) is a leading consumer goods company known for its wide range of household and personal care products. The company competes with major players like Nestlé and Unilever. On October 18, 2024, PG reported earnings per share (EPS) of $1.93, surpassing the estimated $1.90, despite facing challenges in its revenue performance.

PG's revenue for the quarter was $21.74 billion, slightly below the estimated $21.99 billion. This marks the second consecutive quarter of declining sales, attributed to consumers in the U.S. and China opting for cheaper brands amid economic uncertainty. Lower-income U.S. consumers are turning to discounted products and private labels, impacting PG's sales.

Despite the revenue shortfall, PG's adjusted EPS exceeded expectations, supported by higher product prices. Organic volumes increased by 1%, with average prices also rising by 1%. The company has maintained its full-year guidance, projecting organic sales growth of 3% to 5% and core EPS between $6.91 and $7.05.

PG's earnings surprise for the quarter is 1.58%, continuing its trend of outperforming consensus EPS estimates over the past four quarters. However, the company has not been able to surpass consensus revenue estimates in the last four quarters, highlighting ongoing challenges in meeting sales expectations.

PG's financial metrics include a price-to-earnings (P/E) ratio of approximately 40.4 and a price-to-sales ratio of about 4.76. The enterprise value to sales ratio is around 5.05, while the enterprise value to operating cash flow ratio is approximately 22.01. The debt-to-equity ratio is about 0.69, and the current ratio is around 0.75, indicating potential liquidity challenges.