Procter & Gamble (NYSE: PG) Exceeds Q1 Earnings and Revenue Estimates
Key points
- Procter & Gamble (NYSE: PG) reported fiscal first-quarter adjusted earnings of $2.00 per share and revenue of $23.28 billion, both surpassing analysts' expectations.
- Strong consumer demand for household and personal care products, particularly laundry detergent and home care, drove net sales up 4% and product volume by 2.4%.
- Despite facing increased fuel and commodity costs, Procter & Gamble updated its full-year sales forecast and affirmed it remains on track with its financial objectives.
Procter & Gamble (NYSE: PG) makes household and personal care products, including laundry detergent. It competes with other consumer goods companies for shelf space and shoppers. Before the market opened on October 22, 2026, P&G reported fiscal first-quarter earnings and revenue above analysts’ estimates.
Adjusted earnings were $2.00 per share, compared with the $1.88 estimate. Revenue was $23.28 billion, above the $22.80 billion estimate. Earnings per share show how much profit a company earns for each share, with adjustments that remove certain accounting items.
Demand for laundry detergent and home care products helped sales, as highlighted by CNBC. Net sales rose 4% to about $23.30 billion, while product volume—the amount sold—grew 2.4%. Net income attributable to P&G slipped to $4.73 billion from $4.75 billion a year earlier.
P&G shares rose more than 2% in premarket trading. The company updated its full-year sales forecast to include its acquisition of Thorne. P&G says it remains on track despite higher fuel costs, as highlighted by The Wall Street Journal. Higher commodity costs are expected to reduce annual profit more than previously forecast, as highlighted by Reuters.
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