Procter & Gamble Company (NYSE: PG) shares gained 3.4% on January 19 to close at $162, after the American consumer goods giant delivered stronger-than-expected fiscal second-quarter results, driven by strong top-line growth, offsetting significant cost headwinds. P&G also raised its fiscal 2022 guidance for net sales and organic sales growth, cash productivity, and planned return to shareholders. Q2 Performance Q2 adjusted earnings of $1.66 per share registered a 1% year-over-year gain, and was a cent better than analysts’ expectations of $1.65 per share. The company reported earnings of $1.64 per share for the prior-year period. Net sales jumped 6% year-over-year to $21 billion and exceeded consensus estimates of $20.34 billion.
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