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Procter & Gamble beats estimates as sales growth picks up in Q3
By Benjamin Chiou
Date: Friday 24 Apr 2026
(Sharecast News) - Shares in Procter & Gamble were rising in pre-market trade on Friday after the American consumer goods giant reported beat expectations with its fiscal third-quarter results, which showed solid sales growth despite "challenging" market conditions.
Net sales were up 7% year-on-year at $21.2bn over the three months to 31 March, topping the $20.5bn expected by analysts and well ahead of the 1% annual growth seen in the second quarter.
Solid growth was achieved across all product categories, with beauty being the standout performer as sales rose 11% year-on-year.
Group organic sales, which exclude the impacts of currency movements, acquisitions and divestitures, increased 3% over last year, compared with no organic growth in the second quarter.
Net earnings rose 4% to $3.95bn, with adjusted earnings per share of $1.59 beating the $1.56 consensus forecast.
"We delivered a solid acceleration in top-line results in our fiscal third quarter, with broad-based growth across product categories and regions," said president and chief executive Shailesh Jejurikar.
"We're increasing investments to accelerate momentum with consumers despite the challenging geopolitical and economic environment, while still maintaining our guidance ranges for the fiscal year."
The firm kept its guidance for headline sales to rise by 1-5% this fiscal year, while organic sales growth was pencilled in at 0-4%. Earnings per share are expected to grow by 1-6%.
Stock futures were up 2.7% at $149.70 by 1339 BST.
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