Procter & Gamble (PG) Q1 Sales Up 4% with EPS Beat at $2.00

Procter & Gamble (PG) reported fiscal first-quarter earnings per share (EPS) of $2.00 adjusted, beating analysts' expectations of $1.88. Revenue rose 4% to $23.3 billion, surpassing the forecasted $22.8 billion. The company's net income was $4.73 billion, or $1.97 per share, slightly down from the prior year but excluding restructuring costs, adjusted EPS was higher.

Volume growth was 2.4% overall, supported by a strong 4.3% increase in the fabric and home care segment, which includes brands like Tide and Febreze. Baby, feminine and family care, as well as the beauty segment, each grew more than 2% in volume. However, the grooming division, which comprises Gillette and Venus, saw a slight volume decline of 0.4%, and health care products experienced a 2.9% volume decrease, especially in oral and personal health categories.

Looking ahead, CEO Shailesh Jejurikar noted ongoing geopolitical and economic challenges but confirmed that the company remains on track to meet its fiscal year guidance. For fiscal 2027, P&G reiterated its core EPS forecast of $6.89 to $7.11 and raised its expected all-in sales growth to 2% to 4%, up from the previous 1% to 3%, reflecting the recent acquisition of vitamin company Thorne. This positive outlook indicates moderate growth in revenue for investors via both organic growth and acquisitions.