Procter & Gamble Co (NYSE:PG, ETR:PRG) shares climbed on Wednesday after the consumer goods giant unveiled expectation-beating second-quarter figures on solid demand across the board.
Earnings jumped 34% to US$4.63 billion over the quarter on a 2% increase in net sales to US$21.9 billion, P&G reported, outdoing analyst forecasts.
Organic sales across each of P&G’s beauty, grooming, health care, fabric & home care and baby, feminine & family care divisions grew.
These encompass the likes of the Tampax, Pampers, Tide, Febreze and Gillette brands.
Pricing had a neutral impact, with growth instead fueled by the likes of higher volumes and favorable geographic mix, P&G noted.
“Our first-half results keep us on track to deliver within our guidance ranges on all key financial metrics for the fiscal year,” chief executive Jon Moeller commented.
Expectations are for sales to grow by 2% to 4% from US$84 billion last year, as earnings per share climb 10% to 12% on 2024’s US$6.02.
“We remain committed to our integrated growth strategy of a focused product portfolio of daily use categories,” Moeller added.
Shares climbed 2.8% to US$166.14 on Wednesday.