Procter & Gamble posted its fourth consecutive quarterly beat with revenue of $21.23 billion, up 7.4% year-over-year, driven by an 11% surge in its Beauty segment, while Colgate-Palmolive reported revenue of $5.32 billion, up 8.4%, but saw North America volume decline 3.2%. P&G's core EPS of $1.59 beat consensus, though core gross margin fell 100 basis points on tariffs and mix, and management guided to the low end of its $6.83 to $7.09 core EPS range. Colgate expanded its restructuring program to $350 to $550 million in cumulative pretax charges, targeting $200 to $300 million in annual savings, and flipped gross margin guidance from up to down due to $300 million in extra raw materials and logistics costs. P&G highlighted a 70th consecutive annual dividend increase, while Colgate's shares are up 21.89% year to date, with Latin America revenue up 14.8% and Hill's Pet Nutrition up 6.7%.
Colgate-Palmolive CompanyNorth America volume declined 3.2%, indicating weaker end-customer demand.
Procter & Gamble CompanyBeauty segment surged 11%, driving fourth consecutive quarterly beat.
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