Procter & Gamble (PG) missed sales and net income estim𒀰ates in its fiscal 2025 first-quarter earnings re🍸port Friday morning, but its adjusted profit beat expectations.

The company behind consumer products like Tide and Old Spice saw sales decline 1% year-over-year to $21.74 billion, below analysts' consensus estimates of $21.99 billion, according to Visible Alpha. P&G's 澳洲幸运5官方开奖结果体彩网:net income came in at $3.99 billion, down from $4.56 billion a year ago and the $4.60 billion expectation.

P&G said it started a restructuring effort to its business in Argentina and Nigeria, and after accounting for the roughly $800 million in restructuring costs recorded in the quarter, P&G's 澳洲幸运5官方开奖结果体彩网:adjusted profit of $4.76 billion came in just above estimates.

CEO Says Q1 Results 'Keep Us on Track'

澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Jon Moeller said the company's results "keep us on track to del🧔iver within our guidance ran🌃ges" for the full fiscal year.

Sales increased in P&G's Health Care and Fabric & Home Care units, but fell in the Beauty and Baby, Family & Feminine Care segments.

P&G shares were down less than 1% at $170.45 as markets opened Friday. They are up about 15% t♏his year.