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Today at a glance:
𧴠Procter & Gamble: Volume Boost
π Johnson & Johnson: MedTech Weakness
π³ American Express: Holiday Tailwind
π¦Ύ Intuitive Surgical: Surging Growth
βοΈ Texas Instrument: Sluggish Demand
π± Verizon: Broadband Momentum
π¦ Charles Schwab: Record Inflows
β‘ GE Vernova: Record Orders
π©οΈ United Airlines: Demand Takes Off
π¦ American Airlines: Corporate Rebuild
1. 𧴠Procter & Gamble: Volume Boost
In its December quarter (Q2 FY25), Procter & Gambleβs revenue grew 2% Y/Y to $21.9 billion ($310 million beat), with an adjusted EPS of $1.88 ($0.02 beat). Organic sales rose 3% Y/Y. For the first time since 2019, pricing was flat Y/Y, while organic volume increased 2%, led by healthcare, grooming, and home careβthough Chinaβs slowdown weighed on beauty sales.
Despite inflation concerns, consumers are trading upβopting for premium products and bulk sizes, reinforcing P&Gβs pricing power and brand strength. The company reaffirmed its FY25 guidance of 2-4% revenue growth and EPS between $6.91 and $7.05. The challenge now is sustaining volume growth of its essentials, from Gilette razors to Tide detergent, as the boost from pricing fades.