P&G adjusts outlook amid 'challenging' market conditions 

Procter & Gamble (P&G) has reported a 2% decrease in sales to $19.8 billion (£14.8 billion) for the third quarter, following a "challenging" and "volatile" consumer and geopolitical environment.

Organic sales, which exclude the impacts of foreign exchange and acquisitions and divestitures, lifted 1%.

For Q3, P&G shared the following category results:

The company saw organic sales in the beauty segment rise 2% during the third quarter, spanning January-March 2025.

Hair care sales remained unchanged, with increased pricing in Latin America and North America and favourable premium product mix offset by volume declines in Greater China.

Organic sales across personal care increased high-single-digits, driven by innovation-driven volume growth, partially offset by negative impacts from geographic mix.

Meanwhile, skincare sales declined low-single digits due to volume declines and unfavourable geographic mix, partially offset by increased pricing primarily in Greater China.

Grooming segment sales lifted 3%, driven by volume growth and higher pricing in Latin America, Europe and North America.

The baby, feminine and family care segment dropped 1% versus a year ago and sales in the health care segment increased 4%, with oral care sales up low-single-digits.

Looking ahead, P&G expects sales for FY25 to be approximately in-line with the prior year and organic sales growth of 2%.

Jon Moeller, Chairman, President and CEO said: "We delivered modest organic sales and EPS growth this quarter in a challenging and volatile consumer and geopolitical environment.

"We are making appropriate adjustments to our near-term outlook to reflect underlying market conditions while remaining confident in the longer-term growth prospects for our brands and the markets where we compete.

"We remain committed to our integrated growth strategy of a focused product portfolio of daily use categories where performance drives brand choice, superiority - across product performance, packaging, brand communication, retail execution and consumer and customer value - productivity, constructive disruption and an agile and accountable organisation."