Procter & Gamble Reports Q1 Organic Sales Growth of 4% Amid Inflation

## Session Tape Procter & Gamble advanced 5.6% in Thursday's session, recording its strongest single-day performance in over six years following the release of its fiscal first-quarter metrics.

## Catalyst Analysis: Earnings & Sales Performance Procter & Gamble delivered fiscal first-quarter results that exceeded consensus expectations against a backdrop of persistent consumer cost pressures. The household products giant reported overall revenue of $23.3 billion, topping analyst estimates of $22.8 billion and representing a 4% increase in organic sales year-over-year. Organic volume rose 2.4%, marking a notable recovery from flat organic growth in the previous quarter. Core earnings per share printed at $2.00, advancing from $1.99 in the prior-year period and beating the consensus estimate of $1.89. Meanwhile, core gross margin reached 50.36%, and core operating margin adjusted by 70 basis points to 25.5%. Management also reaffirmed its full-year core EPS guidance range of $6.89 to $7.03.