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Procter & Gamble Tops Sales, Profit Estimates, Names New CEO

1. PG reported a core EPS of $1.48, exceeding forecasts. 2. Revenue rose 2% to $20.9 billion, better than expected. 3. Sales grew in all categories except Beauty, which was flat. 4. The new CEO will take over in 2026 as restructuring begins. 5. PG aims for 1%-5% sales growth in fiscal 2026.

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FAQ

Why Bullish?

The better-than-expected earnings and proactive leadership transition provide positive momentum, similar to past earnings surprises that boosted PG’s stock.

How important is it?

The report indicates positive earnings and strategic leadership changes, likely fostering investor confidence in PG’s stability and growth.

Why Long Term?

The CEO succession plan and restructuring may yield benefits over time, much like previous leadership changes that resulted in sustained profitability.

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