Procter & Gamble fiscal 1Q results top Street, sees less of an impact from tariffs for fiscal 2026

Procter Gamble fiscal first-quarter performance managed to top Wall Street s view and the consumer products maker now foresees less of an impact from tariffs for fiscal Shares of the maker of products such as Crest toothpaste Tide detergent and Charmin toilet paper rose about in morning trading Friday For the three months ended Sept P G earned billion or per share Removing restructuring costs earnings were per share That handily beat the per share analysts surveyed by Zacks Resources Research were calling for Revenue totaled billion topping Wall Street s estimate of billion Sales climbed for the beauty segment which includes Head Shoulders Pantene and Olay Grooming sales featuring Braun and Gillette rose The Cincinnati-based company is now expecting tariffs leading to million in after-tax costs for fiscal That s down from a prior forecast of million in after-tax costs In July P G reported that it would raise prices on about a quarter of its products in the U S in part due to higher costs from President Donald Trump s tariffs The company also disclosed it would offer improved features in the products That announcement came three months after P G explained that it was doing whatever it could to reduce higher costs from Trump s expansive tariffs from shifting sourcing to changing formulation to avoid duties The impact of tariffs on several companies remains in flux Late Thursday President Donald Trump stated he s ending all exchange negotiations with Canada because of a television ad opposing U S tariffs that he announced misstated the facts and called egregious behavior aimed at influencing U S court decisions More than three-quarters of Canadian exports go to the U S and nearly billion Canadian billion U S worth of goods and services cross the confines daily Looking ahead P G still anticipates fiscal full-year earnings between and per share The company also kept its guidance for sales development of to Analysts polled by FactSet predict full-year earnings of per share Source