P&G reported fiscal first-quarter adjusted earnings of $2.00 per share and revenue of $23.3 billion, both ahead of analyst expectations of $1.88 and $22.8 billion according to an LSEG survey. Net sales rose 4% and volume grew 2.4%, led by the fabric and home care segment, which includes Tide and Febreze, with volume up 4.3%. The health care business was the weakest, with volume down 2.9%, while grooming volume fell 0.4%. P&G reiterated its fiscal 2027 core EPS forecast of $6.89 to $7.11 but raised its all-in sales growth outlook to 2% to 4% from 1% to 3%, reflecting the Thorne acquisition, which closed on Oct. 1. Shares rose more than 2% in premarket trading.
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