Procter & Gamble Q3: Despite Challenges In Consumer Consumption, It's A Buy

  • I reiterate my 'Buy' rating on Procter & Gamble with a fair value of $177 per share, citing its defensive nature amid economic uncertainties. Procter & Gamble reported 1% organic revenue and core EPS growth, reflecting weak US consumer consumption but stable beauty, grooming, and healthcare segments. The company faces near-term tariff headwinds but is adjusting its global supply chain; FY25 guidance implies weak consumption and some financial impact from tariffs.