Procter & Gamble reported fiscal first-quarter earnings and revenue that beat analysts’ expectations, driven by higher demand for beauty and grooming products. Despite challenges from tariffs and a difficult consumer environment, P&G reaffirmed its forecast for the fiscal year. Shares of the company rose 3% in premarket trading.

In the quarter ended Sept. 30, P&G reported net income of $4.75 billion, or $1.95 per share, up from $3.96 billion, or $1.61 per share, a year earlier. Excluding items, the consumer giant earned $1.99 per share, with net sales rising 3% to $22.39 billion.

Although P&G’s revenue metrics were higher, the company’s volume remained flat compared to the previous year. Demand for health care and fabric and home care products fell 2%, while the baby, feminine and family care segment reported flat volume. However, P&G’s beauty business saw a 4% increase in volume and a 6% increase in sales.

P&G’s grooming business also experienced growth, with a 1% increase in volume and a 5% increase in sales. The company’s beauty and grooming segments performed well, offsetting declines in other areas. Please check back for updates on this developing story.

Read more at CNBC: Procter & Gamble (PG) Q1 2026 earnings