Shares of U.S. consumer goods giant Procter & Gamble (P&G) fell 2.5% in early trading after the company reported lackluster quarterly results and issued a weak outlook for the new fiscal year. P&G expects organic sales growth of 1% to 3% for the new fiscal year, while analysts had previously forecast 2.44%. Although P&G Chief Financial Officer Andre Schulten said consumer conditions were “stable,” the company faces challenges including high inflation, consumer spending caution, and raw material inflation, which is expected to have a $1 billion after-tax impact. The company’s latest quarterly net sales totaled $21.2 billion, with organic sales growth at 0%, both of which fell short of market expectations.