Procter & Gamble (P&G) reported fiscal third-quarter results that exceeded analyst expectations.
The company posted adjusted earnings of $1.59 per share.
Revenue reached $21.2 billion, surpassing consensus estimates.
P&G shares rose more than 3% following the announcement.
Organic sales grew 3%, driven by a 2% increase in volume and a 1% increase from pricing.
This result marks the first company-wide volume growth in one year.
All ten product categories and all geographic regions recorded organic sales increases.
The Beauty segment led performance with 7% organic sales growth.
P&G maintained its full-year guidance despite noting pressure on margins.
The company expects earnings at the lower end of its range due to rising costs and investments.
The results provided stability to the consumer staples sector amid market volatility.