Analysts expect Procter & Gamble (PG) will report a dro▨p in income in its qua✤rterly earnings on Tuesday, as the consumer product maker looks to keep past quarters' momentum going.

Procter & Gamble is projected to report revenue of $21.6 billion for the fiscal 2024 second quarter, up nearly 4% from the year-ago period, according to data from Visible Alpha.  Second-quarter net income is projected at $3.9 billion, dropping 0.8% from last year, with earnings per share up slightly year-over-year to come in at $1.59.

Key Metric

P&G 澳洲幸运5官方开奖结果体彩网:beat on earnings the past two quarters, showing consumers largely accepted the price increases that inflation pressed on its consumer products, which include Tide, Pampers, Bounty and Charmin. 💃With inflation trending lower in recent months, Investors will be looking to see if P&G again raises prices in the second quarter. 

Following price hikes across its products over the past two quarters, the company saw 澳洲幸运5官方开奖结果体彩网:sales volumes dip in some segments, like grooming and baby care, where higher prices kept revenue up despite the dip in sales.

Stock Spotlight

A component of the Dow Jones Industrial Average, Procter & Gamble underperformed the index, as the share price of the consumer product maker dropped more than 3% in 2023, compared with a gain of 13% for the Dow, and well below the S&P 500’s surge of 24%.

While the company saw surges in its share price tied to positive earnings reports, it also suffered when it announced $2.5 billion in restructuring charges tied to its Gil🙈lette business.