Published on 29 Jul 2022 on Zacks via Yahoo Finance
Procter & Gamble (PG) Q4 Earnings Miss, Sales Beat Estimates
The Procter & Gamble Company PG has posted fourth-quarter fiscal 2022 results, wherein the top line beat the Zacks Consensus Estimate, while the bottom line missed. However, earnings and sales improved year over year. Results have been driven by higher sales, robust pricing and a favorable mix. Improved productivity amid cost headwinds has also aided the results. Management has issued the fiscal 2023 view.We note that shares of the Zacks Rank #4 (Sell) company have gained 4.1% in the past year against the industry’s 2.9% decline.
