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Procter & Gamble (PG) reported strong Q1 earnings and maintained full-year guidance. The company's continued share repurchases and cost-saving initiatives highlight its emphasis on returning value to shareholders and strengthening its balance sheet. Despite mixed global consumer demand, PG's reaffirmed guidance and robust quarter could influence analyst assumptions for its future growth narrative. The biggest risk remains ongoing consumer and retailer volatility, especially in the US and Europe.

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