Procter & Gamble earnings top estimates, but shrinking demand weighs on sales

Household Products

Procter & Gamble earnings top estimates, but shrinking demand weighs on sales

Published Thu, Jan 22 2026

7:19 AM EST

thumbnailAmelia Lucas@ThxamelianWATCH LIVE

Key Points

  • Procter & Gamble topped Wall Street's estimates for its quarterly earnings, but the company's revenue was weaker than expected.
  • The consumer giant reported declining demand for its razors and diapers.

In this article

Follow your favorite stocks

CREATE FREE ACCOUNT

In this photo illustration, the Procter and Gamble logo is seen on a package of Pepto Bismol on June 05, 2025 in San Anselmo, California.

Justin Sullivan | Getty Images

Procter & Gamble on Thursday reported mixed quarterly results as demand for its Gillette razors and Pampers diapers fell.

Shares of the company fell more than 2% in premarket trading.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

  • Earnings per share: $1.88 adjusted vs. $1.86 expected
  • Revenue: $22.21 billion vs. $22.28 billion expected

P&G reported fiscal second-quarter net income attributable to the company of $4.32 billion, or $1.78 per share, down from $4.63 billion, or $1.88 per share, a year earlier.

Excluding items such as restructuring costs, the company earned $1.88 per share.

Net sales rose 1% to $22.21 billion.

Source