Procter & Gamble tops estimates on resilient demand for beauty, hair-care products
(Reuters) -Procter & Gamble (PG) on Friday beat Wall Street estimates for first-quarter revenue and profit, helped by strong demand for its beauty and hair-care products amid higher prices and a broader slowdown in spending due to economic uncertainties. The Tide maker, a bellwether for the global consumer goods industry, reduced its annual tariff cost estimate to about 800 million forecast in July, largely on Canada lifting retaliatory tariffs on U.S. goods. Howev ...