P&G tops estimates as volumes rebound, keeps full-year outlook
TL;DR Summary
Procter & Gamble topped Q3 estimates with adjusted EPS of $1.59 on $21.24 billion in revenue (up 7%), driven by 2% volume growth—the first increase in a year—with Beauty up 5% and Fabric & Home up 2%; grooming and health care lagged. Organic sales rose 3% as volume grew. The company reaffirmed its full-year guidance of 1-5% revenue growth and 1-6% EPS growth and warned of about a $150 million Q4 cost headwind from higher transportation costs, while noting US consumer stability with ongoing bifurcation.
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