Procter & Gamble beats estimates but warns tariffs will start to weigh on earnings

  • Procter & Gamble on Tuesday reported quarterly results that beat Wall Street's expectations, but introduced fiscal year 2026 guidance that included a $1 billion hit due to higher costs from tariffs. The company's results come just one day after P&G announced Shailesh Jejurikar, its chief operating officer, would replace Jon Moeller as president and CEO, effective Jan. 1.