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P&G Beats Q4 Estimates, Acquires Thorne for $3.8B
Procter & Gamble (PG) has reported its Q4 earnings, exceeding estimates. The company's revenue for the quarter came in at $21.20 billion, slightly below the estimated $21.38 billion. However, Procter & Gamble's GAAP EPS was $1.43, a 2-cent beat on expectations.
The forecast for net sales growth has been revised downward, from 3.3% in FY2026 to 1-3% in FY2027. This adjustment reflects the current market conditions and potential economic headwinds.
In other news, Procter & Gamble announced its intention to acquire Thorne Health & Wellness for $3.8 billion in cash. The deal is expected to close in Q4 of 2026, pending regulatory approvals and standard closing conditions.