Boxes of Tide Pods dishwasher detergent are on display at a Costco Wholesale store on July 12, 2025 in San Diego, California.
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Procter & Gamble On Friday, the company reported first-quarter profits and revenue that beat analysts’ expectations, driven by increased demand for its beauty and personal care products.
Despite higher costs from tariffs and what CEO Jon Moeller called a “challenging consumer and geopolitical environment,” P&G reiterated its overall sales and profit guidance for the fiscal year that began in July.
Shares of the company rose 3% in premarket trading.
Here’s what the company reported for the quarter ended September 30 versus what Wall Street expected, based on a survey of analysts by LSEG:
- Earnings per share: $1.99 adjusted versus $1.90 expected
- Revenue: $22.39 billion versus $22.18 billion expected
P&G reported first-quarter net income attributable to the company of $4.75 billion, or $1.95 per share, compared with $3.96 billion, or $1.61 per share, a year earlier.
Excluding items including costs associated with a gradual restructuring, the consumer giant earned $1.99 per share.
Net sales rose 3% to $22.39 billion. Organic sales, excluding the impact of acquisitions, disposals and foreign currencies, increased by 2% in the quarter.
Although revenue numbers were higher, P&G’s volume remained flat compared to the year-ago period. Volume excludes prices, making it a more accurate reflection of demand than sales.
Like many consumer companies, P&G has seen demand for some of its products plummet as consumers, fatigued by inflation, search for deals.
For example, P&G reported that volume in its healthcare and fabric and home care divisions fell 2% during the quarter.
The company’s baby care, feminine care and family segment reported flat volume for the quarter. This division includes brands like Pampers and Tampax.
P&G’s beauty business was a bright spot. The division, which includes brands like Olay and SK-II, reported volume growth of 4% and overall sales growth of 6%.
And P&G’s grooming business, which includes Gillette and Venus razors, saw volume increase 1% in the quarter, for a 5% sales increase.
This story is developing. Please check again for updates.
