Procter & Gamble beats earnings estimates as sales rise 4%

Procter & Gamble reported fiscal first-quarter sales of $23.3 billion, up 4%, and adjusted earnings of $2 a share, both above Wall Street expectations, CNBC reports. P&G raised its fiscal 2027 sales-growth forecast to 2%–4% to reflect its acquisition of Thorne. Bloomberg reports that limited price hikes helped draw budget-conscious shoppers without hurting profits.