P&G tops estimates on beauty products demand, flags hit from higher input cost

Procter & Gamble warned that higher input costs tied to the Middle East conflict will cut annual profit by about $150 million. The company still topped quarterly expectations, helped by demand for its higher-priced hair and skin care products. The update is mixed overall, with solid consumer demand offset by a geopolitical cost headwind.

Analysis

Procter & Gamble warned that higher input costs tied to the Middle East conflict will cut annual profit by about $150 million. The company still topped quarterly expectations, helped by demand for its higher-priced hair and skin care products. The update is mixed overall, with solid consumer demand offset by a geopolitical cost headwind.