P&G beats Q1 on beauty, grooming demand | JQJO

Procter & Gamble beat Wall Street’s expectations for its fiscal first quarter, buoyed by strong beauty and grooming demand, and kept its full-year outlook despite tariff costs and what CEO Jon Moeller called a “challenging consumer and geopolitical environment.” For the quarter ended Sept. 30, adjusted EPS was $1.99 (vs. $1.90 expected) on revenue of $22.39 billion (vs. $22.18 billion). Net income rose to $4.75 billion. Overall sales grew 3% and organic sales 2%, while volume was flat: beauty volume +4%, grooming +1%, health care and fabric/home care −2%. Shares rose 3% premarket.