Procter & Gamble (NYSE: PG) reported fiscal third-quarter results that exceeded Wall Street expectations.
The company posted adjusted earnings of $1.59 per share. Revenue reached $21.2 billion. This outperformed the analyst consensus of $20.57 billion. Earnings also beat the $1.56 per share estimate.
Organic sales grew 3% across all business segments. Sales volume increased 2%. Pricing contributed a 1% rise to growth.
P&G maintained its full-year guidance for core earnings per share growth. CEO Shailesh Jejurikar cited confidence despite a challenging geopolitical and economic environment.
Procter & Gamble shares rose in premarket trading following the announcement. The performance boosted the broader consumer staples sector and ETFs like VDC. These results indicate resilient consumer spending on essential household goods.