P&G reported quarterly earnings and revenue above expectations, driven by volume growth in laundry and home care, though consumers remain price-sensitive.
01Summary
- 01Fiscal first-quarter net income was $4.73 billion, or $1.97 per share, down from $4.75 billion a year earlier.
- 02Volume growth was 2.4%; fabric and home care saw a 4.3% volume rise.
- 03Shares rose more than 2% in premarket trading after the results.
- 04Healthcare volume fell 2.9%; grooming volume fell 0.4%.
- 05P&G raised its full-year sales growth forecast to 2%-4% from 1%-3%.
02Why it matters
P&G's performance signals how consumer goods companies are navigating a split economy, where premium products sell to higher-income shoppers while value-conscious buyers demand promotions.
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