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Household Products Stocks Q1 Recap: Benchmarking Procter & Gamble (NYSE:PG)

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Household Products Stocks Q1 Recap: Benchmarking Procter & Gamble (NYSE:PG)

Wrapping up Q1 earnings, we look at the numbers and key takeaways for the household products stocks, including Procter & Gamble (NYSE:PG) and its peers.

Household products stocks are generally stable investments, as many of the industry's products are essential for a comfortable and functional living space. Recently, there's been a growing emphasis on eco-friendly and sustainable offerings, reflecting the evolving consumer preferences for environmentally conscious options. These trends can be double-edged swords that benefit companies who innovate quickly to take advantage of them and hurt companies that don't invest enough to meet consumers where they want to be with regards to trends.

The 10 household products stocks we track reported a solid Q1; on average, revenues were in line with analyst consensus estimates. while next quarter's revenue guidance was in line with consensus. Valuation multiples for many growth stocks have not yet reverted to their early 2021 highs, but the market was optimistic at the end of 2023 due to cooling inflation. The start of 2024 has been a different story as mixed signals have led to market volatility, and household products stocks have held roughly steady amidst all this, with share prices up 3% on average since the previous earnings results.

Procter & Gamble (NYSE:PG)

Founded by candle maker William Procter and soap maker James Gamble, Proctor & Gamble (NYSE:PG) is a consumer products behemoth whose product portfolio spans everything from facial tissues to laundry detergent to feminine care to men’s grooming.

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Procter & Gamble reported revenues of $20.2 billion, flat year on year, falling short of analysts' expectations by 1.2%. It was a mixed quarter for the company, with a decent beat of analysts' EPS estimates but a miss of analysts' revenue estimates.

“We delivered solid sales and strong earnings growth in the third quarter despite multiple headwinds, enabling us to raise our EPS growth guidance and maintain our top-line outlook for the fiscal year,” said Jon Moeller, Chairman of the Board, President and Chief Executive Officer.

Procter & Gamble Total Revenue
Procter & Gamble Total Revenue

The stock is up 7% since the results and currently trades at $168.29.

Is now the time to buy Procter & Gamble? Access our full analysis of the earnings results here, it's free.

Best Q1: Spectrum Brands (NYSE:SPB)

A leader in multiple consumer product categories, Spectrum Brands (NYSE:SPB) is a diversified company with a portfolio of trusted brands spanning home appliances, garden care, personal care, and pet care.

Spectrum Brands reported revenues of $718.5 million, down 1.5% year on year, outperforming analysts' expectations by 1.4%. It was a stunning quarter for the company, with an impressive beat of analysts' adjusted EBITDA estimates.

Spectrum Brands Total Revenue
Spectrum Brands Total Revenue

The stock is up 11.9% since the results and currently trades at $94.56.

Is now the time to buy Spectrum Brands? Access our full analysis of the earnings results here, it's free.

Weakest Q1: Energizer (NYSE:ENR)

Masterminds behind the viral Energizer Bunny mascot, Energizer (NYSE:ENR) is one of the world's largest manufacturers of batteries.

Energizer reported revenues of $663.3 million, down 3% year on year, falling short of analysts' expectations by 0.1%. It was a weak quarter for the company, with a miss of analysts' organic revenue growth estimates.

The stock is up 3.7% since the results and currently trades at $30.54.

Read our full analysis of Energizer's results here.

Central Garden & Pet (NASDAQ:CENT)

Enhancing the lives of both pets and homeowners, Central Garden & Pet (NASDAQGS:CENT) is a leading producer and distributor of essential products for pet care, lawn and garden maintenance, and pest control.

Central Garden & Pet reported revenues of $900.1 million, down 1% year on year, surpassing analysts' expectations by 1.4%. It was a strong quarter for the company, with an impressive beat of analysts' organic revenue growth estimates and a solid beat of analysts' earnings estimates.

The stock is up 11.4% since the results and currently trades at $46.5.

Read our full, actionable report on Central Garden & Pet here, it's free.

Colgate-Palmolive (NYSE:CL)

Formed after the 1928 combination between toothpaste maker Colgate and soap maker Palmolive-Peet, Colgate-Palmolive (NYSE:CL) is a consumer products company that focuses on personal, household, and pet products.

Colgate-Palmolive reported revenues of $5.07 billion, up 6.2% year on year, surpassing analysts' expectations by 2.1%. It was a strong quarter for the company, with an impressive beat of analysts' organic revenue growth estimates and a decent beat of analysts' revenue estimates.

The stock is up 6.5% since the results and currently trades at $95.06.

Read our full, actionable report on Colgate-Palmolive here, it's free.

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