P&G posted $21.24 billion in revenue and $1.59 adjusted EPS for the quarter, with product volume rising 2%—its first company-wide volume increase in a year.
The beauty division led with 5% volume growth, while baby, feminine, and family care rose 3%; grooming and health care volumes declined 2%. Shares rose over 3% despite uncertainty from the Iran conflict.
P&G maintained its full-year guidance but warned of a $150 million Q4 cost hit from higher fuel prices and potential $1 billion annual headwind if oil stays near $100 per barrel, amid ongoing geopolitical and consumer sentiment challenges.
P&G's volume is finally growing, but is this a real rebound or just a temporary blip?
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