Procter & Gamble announced its financial results for the first quarter of fiscal year 2026, reporting net sales of $22.4 billion, a 3% increase from the prior year. The company's performance exceeded Wall Street estimates, driven by strong demand for its beauty and hair care products. Adjusted earnings per share also beat expectations, coming in at $1.99. Following the positive results, P&G's shares saw an approximate 3% increase. The company also provided a more optimistic outlook regarding the impact of tariffs, halving its annual cost estimate from this factor to around $400 million after tax. P&G maintained its forecast for the full fiscal year, expecting sales growth of 1% to 5% and earnings per share growth of 3% to 9%.