BUZZ-Procter & Gamble falls after warning of earnings pressure in 2025

Shares of Tide detergent maker Procter & Gamble PG.N fall as much as 2.2% to $162.80 in early trade

Co says "external factors" may cause annual earnings to come in slightly below its guidance range

Tariffs, both enacted and proposed, added volatility in areas such as impact from costs of moving raw materials and finished goods across borders, foreign exchange and interest rates, as well as impact on consumer behavior, P&G CFO Andre Schulten says at Consumer Analyst Group of New York Conference

There is a ton of volatility especially in China and the Middle East - CFO

In the U.S., PG saw unexpected volatility grow in December and in early weeks of current quarter, combined with slow shipment patterns

CFO also pointed to general trend of inventory depletion across U.S. retailers

In 2024, stock rose 4%