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P&G Q1 Profit Tops Estimates as Shares Jump 2%

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Story summary
  • Procter & Gamble reported first-quarter net income of $4.73 billion, or $1.97 per share.
  • Shares rose more than 2% in pre-market trading following the earnings release.
  • Fabric and home care volume grew 4.3% while baby, feminine, family care and beauty each rose over 2%.
  • P&G forecast fiscal 2027 core EPS of $6.89-$7.11 and all-in sales growth of 2%-4%.