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Thndr Claps » U.S. Claps » NYSE 🔔 » Procter & Gamble reports earnings; exceeds estimates🧴

Procter & Gamble reports earnings; exceeds estimates🧴

by Shams Abbas
April 20, 2022

The Clap
Procter & Gamble (NYSE: PG) exceeded analyst estimates for its Q3-2022 earnings.

The deets

Both revenues & net profits exceeded analyst expectations as price hikes in its products helped offset rising costs. P&G’s CFO said that supply chain issues & higher energy costs due to the Russia-Ukraine War “will continue to put pressure on the cost side.”

The drivers

Health care products were the main drivers behind the better-than-expected earnings. Grooming & home care products sales also grew significantly, while beauty products performed the weakest.

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