Procter & Gamble beats estimates on beauty products demand, flags hit from higher input cost

Procter & Gamble warned that higher input costs tied to the Middle East conflict could reduce annual profit by US$150 million. The company also said demand for its higher-priced hair and skin care products helped it beat quarterly expectations. The update is mixed: a profit headwind from geopolitical costs offset by resilient premium product demand.

Analysis

Procter & Gamble warned that higher input costs tied to the Middle East conflict could reduce annual profit by US$150 million. The company also said demand for its higher-priced hair and skin care products helped it beat quarterly expectations. The update is mixed: a profit headwind from geopolitical costs offset by resilient premium product demand.