Procter & Gamble (PG) shares rose over 3% after the company exceeded quarterly earnings and revenue expectations. The consumer goods giant reported an adjusted EPS of $1.59 on $21.24 billion in revenue. Organic sales grew by 3%.
Company-wide product volume increased 2%, marking the first positive growth in a year. This shift suggests consumers are purchasing more units rather than just absorbing higher prices. Beauty segment volume climbed 5%, while baby care volume rose 3%.
Management remains cautious and expects full-year results at the lower end of previous guidance. CFO Andre Schulten attributed this conservative outlook to an uncertain macro environment and rising costs from geopolitical conflicts.