Procter & Gamble (PG) delivered better-than-expected Fiscal Q1 2022 results. Revenue and earnings came in above consensus estimates despite the company facing a challenging cost and operating environment. PG shares fell 1.18% to close at $140.66 on October 19. Procter & Gamble is a consumer products company that offers packaged goods worldwide. The company operates under five key segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. Net sales in the quarter increased 5% year-over-year to $20.3 billion, exceeding consensus estimates of $19.91 billion. Organic sales were up 4%, driven by an increase in volumes and a positive product mix.
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Procter and Gamble (NYSE:PG)
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