The Clap`
P&G (NYSE:PG) recorded an EPS of $1.59 in its fiscal Q2 2022, in line with analysts’ expectations, but saw both its revenues and earnings slide on an annual basis.
What
The company saw its net sales decline 1% YoY in its fiscal Q2 2022, compared to Q2 2021. Volume of sales declined in all divisions, with higher prices unable to offset the decline in sales.
So What
A weaker USD FX rate, increasing raw material, and commodity prices, and freight expenses all added significant pressure to the company’s profit margin.
Now What
With China’s economy beginning to reopen, the market is all set for a rebound, with market growth expected to increase once again.
