Procter & Gamble tops estimates on resilient demand for beauty, hair-care products

Core Insights - Procter & Gamble (PG) exceeded Wall Street expectations for first-quarter revenue and profit, driven by strong demand for beauty and hair-care products despite economic uncertainties [1][5] - The company reduced its annual tariff cost estimate to approximately $400 million after tax, down from $800 million, following Canada lifting retaliatory tariffs on U.S. goods [1] Financial Performance - PG's quarterly revenue increased by 3% to $22.39 billion, surpassing estimates of 2% growth to $22.17 billion [5] - Core earnings per share reached $1.99, beating estimates by 9 cents, as higher prices helped mitigate tariff pressures [5] Market Trends - Sales volumes in the beauty segment rose by 4% in the three months ending September, compared to a 1% increase in the previous quarter [3] - Overall volumes across PG remained flat, although there was an increase in China [2][3] Competitive Landscape - PG's results are consistent with those of competitors like Unilever, which reported double-digit sales growth from beauty brands in the U.S. [2]