Changes in US stocks | Q4 revenue fell short of expectations, Procter & Gamble (PG.US) fell about 4%

The Zhitong Finance App learned that on Wednesday, Procter & Gamble (PG.US) jumped low. As of press release, the decline was about 4%. According to the news, P&G's fourth quarter earnings report showed that revenue fell short of market expectations, and net sales increased 1.5% to US$21.20 billion, but fell short of the forecast of US$21.38 billion. Rising food and gasoline prices and consecutive quarters of sticking inflation have forced low-income consumers to tighten spending and find cheaper alternatives to some everyday items. At the same time, the company updated investors on ongoing restructuring plans and the progress of layoffs.

P&G CEO Shailesh Jejurikar characterized this fiscal year as a “foundation building year,” saying the company is advancing transformation “in an extremely challenging geopolitical and economic environment.” The restructuring plan announced in June 2025 continues to be implemented. The goal is to cut about 7,000 non-manufacturing jobs worldwide, accounting for about 15% of non-production workers. The company has borne more than half of the relevant restructuring costs in the current fiscal year, and the remaining costs will be absorbed in the 2027 fiscal year.