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P&G Profits Rise as Company Sees Lower Tariff Hit
- On Friday, Procter & Gamble reported adjusted EPS of $1.99 and revenue of $22.39 billion, beating expectations for the quarter ended Sept. 30.
- Facing tariff pressures, Procter & Gamble now expects $400 million in after-tax costs for fiscal 2026, down from $800 million, and raised prices on about a quarter of U.S. products in July.
- Growth in beauty and grooming lifted results, with beauty segment sales climbing 6% and volume up 4%, while grooming sales rose 5% and volume increased 1% for the quarter.
- P&G reiterated plans to return capital by paying about $10 billion in dividends and repurchasing roughly $5 billion of common stock, while maintaining sales-growth guidance 1% to 5%.
- Quarterly net sales rose 3% while organic sales increased 2%, but overall volume was flat as consumers sought deals amid CEO Jon Moeller's `challenging consumer and geopolitical
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Associated Press News+2 Reposted by 2 other sources
Procter & Gamble fiscal 1Q results top Street, sees less of an impact from tariffs for fiscal 2026
Procter & Gamble fiscal first-quarter performance managed to top Wall Street’s view and the consumer products maker now foresees less of an impact from tariffs for fiscal 2026.
·United States
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Procter & Gamble Keeps The Streak Alive With Q1 Beat, Outlook Upgrade - Procter & Gamble (NYSE:PG)
Procter & Gamble Co. (NYSE:PG) shares rose in early trading on Friday after beating first-quarter estimates and raising its earnings outlook. The company reported first-quarter adjusted earnings per share of $1.99 (+3% year over year), beating the analyst consensus estimate of $1.90. Quarterly sales of $22.386 billion outpaced the Street view of $22.175 billion. Procter & Gamble said quarterly net sales rose 3%, while organic sales increased 2%,…
·New York, United States
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Total News Sources14
Leaning Left2Leaning Right0Center8Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
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