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Procter & Gamble beats earnings estimates but warns of higher costs from tariffs
CNBC· 2025-10-24 11:08
Core Insights - Procter & Gamble reported fiscal first-quarter earnings and revenue that exceeded analysts' expectations, driven by increased demand for beauty and grooming products [1][2] - The company anticipates higher costs due to tariffs in fiscal 2026, which began this month, but maintains its sales and earnings forecast for the fiscal year [2] - P&G's net income for the quarter ended September 30 was $4.75 billion, or $1.95 per share, compared to $3.96 billion, or $1.61 per share, a year earlier [2][3] Financial Performance - Adjusted earnings per share were $1.99, surpassing the expected $1.90 [4] - Net sales increased by 3% to $22.39 billion, exceeding the expected $22.18 billion [4] - Organic sales, excluding acquisitions, divestitures, and foreign currency impacts, rose by 2% during the quarter [3]