Core Insights - Procter & Gamble (P&G) exceeded Wall Street expectations for its fiscal first-quarter performance, with earnings of $4.75 billion or $1.95 per share, surpassing the anticipated $1.90 per share [1][2] - The company reported revenue of $22.39 billion, which also exceeded Wall Street's estimate of $22.15 billion, with a 6% increase in the beauty segment and a 5% rise in grooming sales [2] - P&G has revised its forecast for tariff-related costs in fiscal 2026 to $400 million after-tax, down from a previous estimate of $800 million [3] Financial Performance - For the three months ended September 30, P&G's earnings per share, excluding restructuring costs, were $1.99 [1] - The company anticipates full-year earnings between $6.83 and $7.09 per share, maintaining its sales growth guidance of 1% to 5% [6] - Analysts predict full-year earnings of $6.97 per share based on current projections [6] Tariff Impact - P&G previously announced a price increase on about 25% of its U.S. products due to higher costs associated with tariffs [4] - The company has been actively working to mitigate the impact of tariffs through various strategies, including shifting sourcing and changing product formulations [4] - The overall impact of tariffs on companies remains uncertain, particularly in light of recent trade negotiations and political developments [5]