10:29 AM EST, 01/22/2025 (MT Newswires) -- Procter & Gamble's ( PG ) fiscal second-quarter results rose on an annual basis and topped market estimates, buoyed by revenue gains across majority of the consumer goods company's business segments.

The maker of Crest toothpaste and Pampers diapers posted adjusted earnings of $1.88 a share for the December quarter, up from $1.84 the year before and coming in ahead of the FactSet-polled consensus of $1.86. Sales increased 2% to $21.88 billion, above the Street's view for $21.54 billion.

Procter & Gamble's ( PG ) shares rose 3% in Wednesday trade.

The company recorded overall gains of 1% in volume, while pricing remained flat. On an organic basis, sales were up 3% for the quarter with volume rising 2%, Procter & Gamble ( PG ) said.

Sales in the beauty segment were unchanged at $3.85 billion, while grooming ticked up 1% to $1.75 billion. Health care, and fabric and home care logged revenue gains of 2% each. The baby, feminine and family care division saw an increase of 3% to almost $5.3 billion.

"This was a solid quarter for (Procter & Gamble ( PG )) and better than feared following the company's intra-quarter commentary about China (sluggish trends continue)," Truist Securities said in a client note. "Beauty segment volumes remain muted due to continued declines in China, but we believe the rest of the business can support near-term softness."

Procter & Gamble ( PG ) continues to project adjusted EPS in a range of $6.91 to $7.05 for fiscal 2025. The company maintained its full-year sales and organic revenue growth outlooks of 2% to 4% and 3% to 5%, respectively. The Street is looking for non-GAAP EPS of $6.94 and sales of $85.01 billion for the ongoing fiscal year.

"We continue to expect the environment around us to remain volatile and challenging, from input costs to currencies to consumer, competitor, retailer and geopolitical dynamics," Chief Financial Officer Andre Schulten said during an earnings call, according to a FactSet transcript.

The company will seek to address "headwinds that are largely not in our control," Schulten said on the call.

Price: 165.58, Change: +3.86, Percent Change: +2.39