BUZZ-Procter & Gamble down on muted annual forecast
PG•Fourth-quarter sales miss expectations
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The company also reported Q4 net sales of $21.20 billion, missing expectations of $21.38 billion.
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As of the last close, the stock was up about 4% year to date.
Shares fall after annual outlook comes in below estimates
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Shares of Tide maker Procter & Gamble PG.N fell $3.7 to $143.37 premarket.
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The company forecast annual sales and profit largely below estimates, hurt by uneven demand in categories such as grooming and oral care amid geopolitical and economic uncertainties.
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It expects FY2027 net sales to grow in the range of 1% to 3%, versus analysts' average estimate of a 2.7% rise, according to LSEG data.
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Procter & Gamble sees annual adjusted EPS between $6.89 and $7.11, with the midpoint slightly below estimates of $7.04.
