Procter & Gamble Beats Estimates but Warns of Tariff Costs Ahead

Group 1 - Procter & Gamble Co. reported fiscal first-quarter earnings and sales that exceeded analyst forecasts, driven by resilient consumer spending despite economic challenges [1] - The company posted net sales of $22.4 billion, reflecting a 3% year-over-year increase and surpassing Bloomberg's estimate of $22.19 billion [1] - Core earnings per share rose 3% to $1.99, exceeding expectations of $1.88 [1] Group 2 - P&G expects after-tax costs of approximately $400 million from U.S. tariffs in its 2026 fiscal year, a reduction from the previously projected $800 million [2] - The company has implemented price increases to offset tariff impacts, although volumes remained flat for the July–September period [2] - Organic sales in the Beauty segment increased by 6% year-over-year, driven by strong personal care pricing in North America and moderate growth in hair and skin care [2] Group 3 - The announcement comes amid renewed trade tensions between the U.S. and China, following President Donald Trump's decision to terminate talks with Canada [3]