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P&G latest to flag diverging consumer spending as profit tops on beauty demand
Yahoo Finance· 2025-10-24 21:34
By Jessica DiNapoli and Juveria Tabassum (Reuters) -Procter & Gamble on Friday beat Wall Street estimates for first-quarter results, helped by strong demand for its beauty and hair-care products amid higher prices and a broader slowdown in spending due to economic uncertainty. The Tide maker's shares were up about 3% after it also halved its annual tariff cost estimate to about $400 million after tax, largely on Canada lifting retaliatory duties on U.S. goods. However, U.S. President Donald Trump on Thu ...