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Procter & Gamble's Stock Surges as Tariff Relief Boosts Earnings
Procter & Gamble Co. (NYSE: PG), the consumer-goods powerhouse behind iconic brands like Pampers, Gillette, Crest, and Tide, reported stronger-than-expected first-quarter earnings early Friday, surpassing Wall Street forecasts despite a challenging economic landscape.
The company, which has been navigating tariff-related uncertainties, announced a reduced estimate for tariff costs in fiscal 2026. This adjustment, coupled with solid financial performance, sent the stock up 3.5% in premarket trading. As of Thursday, the stock had already climbed 2.5% since hitting a 22-month low of $147.42 on Oct. 15.
For the quarter ending Sept. 30, Procter & Gamble's revenue increased 3% year-over-year to $22.39 billion, exceeding the FactSet consensus estimate of $22.18 billion. Segment highlights included a 6% rise in beauty revenue to $4.14 billion, a 5% increase in grooming revenue to $1.82 billion, and a 1% uptick in fabric and home-care sales to $7.79 billion. Baby, feminine, and family-care sales also grew 1% to $5.17 billion, while healthcare revenue rose 2% to $3.22 billion.
Net income surged 20% to $4.75 billion, with earnings per share jumping 21% to $1.95, compared to $1.61 in the prior year. Core earnings per share, which exclude nonrecurring items, rose 3% to $1.99, beating the FactSet consensus of $1.90.
"These results keep us on track to deliver within our guidance ranges on all key financial metrics for the fiscal year, despite a challenging consumer and geopolitical environment," said CEO Jon Moeller in a company statement.
Procter & Gamble reaffirmed its fiscal 2026 guidance, projecting sales growth of 1% to 5% and core earnings-per-share growth ranging from flat to up 4%, equating to $6.83 to $7.09 per share, with a midpoint of $6.96 (a 2% increase from fiscal 2025's $6.83).
The company also revised its outlook for fiscal 2026 commodity and tariff costs. It now anticipates a $100 million after-tax commodity-cost headwind and $400 million in after-tax tariff costs, down from its previous estimate of $800 million after tax.
About Procter & Gamble
P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always(R), Ambi Pur(R), Ariel(R), Bounty(R), Charmin(R), Crest(R), Dawn(R), Downy(R), Fairy(R), Febreze(R), Gain(R), Gillette(R), Head & Shoulders(R), Lenor(R), Olay(R), Oral-B(R), Pampers(R), Pantene(R), SK-II(R), Tide(R), Vicks(R), and Whisper(R). The P&G community includes operations in approximately 70 countries worldwide. Please visit https://www.pg.com for the latest news and information about P&G and its brands.
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COMTEX_469770320/2927/2025-10-24T11:31:27