Procter & Gamble stock pops after surprise earnings beat

Core Insights - Procter & Gamble (PG) exceeded Wall Street profit forecasts and reaffirmed its outlook, driven by strong performance in beauty and grooming segments, despite weaker results in healthcare, fabric, and home care [1][6] - The company reported net sales of $22.4 billion, a 3% increase from the prior year, surpassing the $22.2 billion estimate [6] - Adjusted EPS was $1.99, reflecting a 3% increase from the prior year and exceeding the $1.88 estimate [6] Sales Performance - Organic sales growth was 2%, outperforming the 1.42% estimate [6] - Beauty segment organic revenue growth was 6%, significantly higher than the 2.57% estimate [6] - Grooming segment organic revenue growth was 3%, above the 2.18% estimate [6] - Healthcare segment organic revenue growth was 1%, slightly below the 1.97% estimate [6] - Fabric and home care segment organic revenue growth was flat, matching the 0% estimate [6] - Baby, feminine, and family care segment organic revenue growth was 0%, below the 1.17% estimate [6] Future Outlook - Full-year total sales growth and organic sales growth were reiterated, with previous guidance of +1% to +5% and +0% to +4% respectively [6] - Full-year earnings per share guidance was reiterated at $6.83 to $7.09, with an estimate of $6.97 [6] Market Context - Outgoing CEO Jon Moeller noted that consumers are spending cautiously and looking for savings on everyday products [2] - JPMorgan analyst Andrea Teixeira highlighted ongoing market challenges, particularly in the U.S. and Europe, without a near-term catalyst for consumption recovery [3]