PG · Industrials

PROCTER & GAMBLE Co

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-08-08

• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  Third-party reporting highlights Procter & Gamble’s US$3.8 billion acquisition of Thorne. The transaction is intended to expand P&G’s wellness portfolio. Coverage describes the deal as part of P&G’s strategic…
• Quarterly Results AnnouncementImportance 6 · Surprise 6
  Procter & Gamble recently reported quarterly EPS of $1.43, exceeding analyst expectations. The company declared a quarterly dividend of $1.0885 per share. The digest does not provide the quarter, revenue,…

News · 2026-08-07

• Supply Chain Resilience and DiversificationImportance 31 · Surprise 42
  PureCycle Technologies secured packaging contracts with P&G for recycled polypropylene, expanding P&G’s access to recycled resin. PureCycle’s Ironton, Ohio, facility has added in-house compounding operations to support…

News · 2026-08-05

• FY 2026 Guidance and HeadwindsImportance 62 · Surprise 68
  P&G forecasts fiscal 2026/2027 organic revenue growth of 1% to 3%, citing persistent U.S. inflation and higher raw-material, energy, and transportation costs. Management projects adjusted EPS of $6.89 to $7.11,…
• Acquisition / Partnership / DivestitureImportance 59 · Surprise 60
  Procter & Gamble agreed to acquire supplements maker Thorne from L Catterton for $3.8 billion in cash. The transaction expands P&G’s Health Care portfolio into self-care, prevention, personalized wellness, and…
• Headcount / RestructuringImportance 45 · Surprise 50
  P&G reduced its global workforce by approximately 5,000 employees over the past year to 104,000 from 109,000. The cuts represent roughly half of a two-year plan to eliminate 7,000 non-manufacturing or office positions…

10-K · 2026-08-04

• Gillette Intangible Impairment RiskImportance 64 · Surprise 42
  Gillette’s indefinite-lived intangible asset had a $12.8 billion carrying value at June 30, 2026 and remained susceptible to impairment despite fair value exceeding carrying value by more than 10% at the December 31,…
• Acquisition / Partnership / DivestitureImportance 59 · Surprise 60
  On August 4, 2026, P&G entered into an agreement to acquire Thorne, a premium wellness and supplements brand. The transaction value is $3.8 billion, making it material relative to P&G’s fiscal 2026 revenue and assets.…
• Long-term Growth OutlookImportance 56 · Surprise 42
  P&G expects its long-term growth algorithm to support total shareholder returns in the top third of its fast-moving consumer goods peer group. The framework targets organic sales growth above market growth rates in the…
• Revenue Performance and MixImportance 49 · Surprise 32
  Fiscal 2026 net sales increased 3% to $87.0 billion from $84.3 billion, driven by a 2% favorable foreign-exchange impact and 1% pricing benefit, while unit volume and mix were unchanged. Organic sales increased 1%,…
• Gross Margin DriversImportance 49 · Surprise 32
  Consolidated gross margin declined 100 basis points to 50.2% of net sales in fiscal 2026. Unfavorable product mix reduced gross margin by 120 basis points, product and packaging investments by 70 basis points, higher…
• Operating Expense TrendsImportance 49 · Surprise 32
  Total SG&A increased 6% to $23.9 billion and rose 60 basis points to 27.5% of net sales in fiscal 2026. Marketing spending increased 80 basis points as a percentage of sales, although productivity savings partially…
• Operating Margin DriversImportance 49 · Surprise 32
  Operating income decreased $703 million, or 3%, to $19.7 billion in fiscal 2026 despite the $2.7 billion increase in net sales. Operating margin declined 160 basis points to 22.7% because the 100-basis-point…
• Market Demand TrendsImportance 49 · Surprise 32
  Fiscal 2026 organic sales increased 1%, with mid-single-digit growth in Beauty and low-single-digit growth in Health Care, Grooming and Fabric & Home Care, while Baby, Feminine & Family Care declined low single digits.…
• Segment Revenue — Baby, Feminine & Family CareImportance 49 · Surprise 32
  Baby, Feminine & Family Care net sales increased 1% to $20.4 billion in 2026 from $20.2 billion in 2025, driven by a 2% favorable foreign-exchange impact partly offset by a 1% unit-volume decline. Organic sales…
• Liquidity and Debt PositionImportance 49 · Surprise 6
  At June 30, 2026, current liabilities exceeded current assets by $12.5 billion, largely because of accounts payable, short-term borrowings, and debt due within one year. P&G held $8.9 billion of cash and cash…
• Adjusted Free Cash FlowImportance 48 · Surprise 14
  Operating cash flow increased 10% to $19.6 billion in 2026 from $17.8 billion in 2025. Adjusted free cash flow increased 8% to $15.8 billion from $14.6 billion, primarily because of higher operating cash flow. Adjusted…
• U.S. Tariffs ImpactImportance 47 · Surprise 60
  On February 20, 2026, the U.S. Supreme Court ruled that tariffs imposed under the International Emergency Economic Powers Act were invalid. P&G had previously paid approximately $200 million in IEEPA tariffs that may…
• Focused Portfolio RestructuringImportance 46 · Surprise 42
  P&G announced a focused portfolio, supply-chain and productivity plan in June 2025 with expected pretax restructuring costs of approximately $1.5 billion to $2.0 billion over two years. The company incurred more than…
• Corporate Revenue and EarningsImportance 44 · Surprise 58
  Corporate net sales increased 16% to $919 million in 2026 from $794 million in 2025, driven by incidental businesses managed at the corporate level. Corporate net earnings improved by $504 million to a $23 million…
• Net Earnings and ProfitabilityImportance 43 · Surprise 32
  Net earnings decreased 4% to $5.6 billion in 2026, as net earnings margin declined 110 basis points. The margin reduction reflected a 140-basis-point gross-margin decline, partly offset by lower SG&A as a percentage of…
• Capital ExpendituresImportance 41 · Surprise 22
  Capital spending was $4.409 billion in 2026, up from $3.773 billion in 2025. Net investing activities used $4.6 billion of cash, primarily for capital expenditures and settlement of net investment hedges. Capital…
• Geographic Revenue ConcentrationImportance 38 · Surprise 6
  P&G generates more than half of its sales outside the United States, with Greater China, the United Kingdom, Canada, Japan and Germany representing approximately 21% of fiscal 2026 net sales collectively. The Company…
• Geographic Market CommentaryImportance 37 · Surprise 32
  Beauty was strongest in Latin America, Europe and Asia Pacific, while North America hair care and skin care declined because of competitive activity and North American skin care also faced weaker volume. Greater China…
• Commodities and Input CostsImportance 36 · Surprise 40
  Higher commodity costs contributed to a 140-basis-point decline in consolidated gross margin in fiscal 2026, partially offset by productivity savings. In Baby, Feminine & Family Care, lower commodity costs partially…
• Portfolio Restructuring — ArgentinaImportance 34 · Surprise 42
  P&G completed a limited-market portfolio restructuring during the period ended September 30, 2024, primarily affecting Argentina and Nigeria because of challenging macroeconomic and fiscal conditions. The Company…
• Income Tax Rate ChangesImportance 34 · Surprise 42
  Operating cash flow included a $333 million reduction from other impacts, primarily reflecting the final payment of the transitional tax related to the 2017 U.S. Tax Act. P&G’s fiscal-2026 core earnings reconciliation…
• Products and TechnologyImportance 26 · Surprise 30
  P&G’s strategy emphasizes product performance, packaging, brand communication, retail execution and value, with innovation intended to drive consumer choice and market growth. Innovation supported Beauty hair-care…
• FX / Currency ImpactImportance 25 · Surprise 32
  Foreign exchange was favorable to Baby, Feminine & Family Care net sales by 2% in fiscal 2026, while reported sales growth was partly offset by a 1% unit-volume decline. The segment benefited from favorable FX in Baby…
• Supply Chain Discipline and Demand SignalsImportance 25 · Surprise 32
  Total inventories increased and consumed $641 million of cash, driven primarily by higher safety stock levels and new product initiatives. Days inventory on hand increased by two days, indicating a deliberate increase…
• Glad Joint Venture DissolutionImportance 24 · Surprise 42
  The Glad joint venture agreement between P&G and The Clorox Company expired in January 2026. Clorox purchased P&G’s minority interest at fair market value for $476 million. P&G recorded a $261 million after-tax gain…
• Competition and Market ShareImportance 11 · Surprise 24
  P&G operates in highly competitive markets against global, regional and local branded competitors as well as retailer private-label products across multiple price tiers. Global market share declined 0.3 points in…
• Distribution ChannelsImportance 10 · Surprise 6
  P&G sells in approximately 180 countries and territories through mass merchandisers, digital commerce including social commerce, grocery and membership-club stores, drug and department stores, distributors,…

News · 2026-08-04

• Acquisition / Partnership / DivestitureImportance 59 · Surprise 60
  Procter & Gamble agreed to acquire supplements maker Thorne from L Catterton for $3.8 billion in cash. The transaction expands P&G’s Health Care portfolio into self-care, prevention, personalized wellness, and…

News · 2026-08-03

• FY 2026 Guidance / OutlookImportance 62 · Surprise 68
  P&G forecast fiscal 2026/2027 organic revenue growth of 1% to 3%, citing persistent U.S. inflation and higher raw-material, energy, and transportation costs. The company guided fiscal 2027 core EPS to $6.89-$7.11,…
• FY 2026 Guidance and HeadwindsImportance 62 · Surprise 68
  P&G forecasts fiscal 2026/2027 organic revenue growth of 1% to 3%, citing persistent U.S. inflation and higher raw-material, energy, and transportation costs. Management projects adjusted EPS of $6.89 to $7.11,…
• Commodities and Input CostsImportance 46 · Surprise 42
  P&G expects approximately $1 billion of after-tax commodity, energy, and transportation costs in fiscal 2027. Management estimates these costs will create a $0.56-per-share drag on earnings growth. The cost pressure is…
• Revenue Performance and MixImportance 37 · Surprise 32
  P&G reported fiscal 2025/2026 sales of approximately $87 billion, representing 3.3% year-over-year growth. The company’s fiscal fourth-quarter organic sales growth was 0%, indicating a slowdown from the full-year…
• Market Demand TrendsImportance 20 · Surprise 24
  P&G’s fiscal fourth-quarter organic sales growth stalled at 0%, indicating weak near-term consumer demand across its portfolio. Third-party analysis characterized the company’s fiscal 2026 performance as resilient but…

News · 2026-08-02

• Revenue Performance and MixImportance 37 · Surprise 32
  P&G reported fiscal 2025/2026 sales of approximately $87 billion, representing 3.3% year-over-year growth. The company’s fiscal fourth-quarter organic sales growth was 0%, indicating a slowdown from the full-year…

News · 2026-08-01

• FY 2026 Guidance / OutlookImportance 62 · Surprise 68
  P&G forecast fiscal 2026/2027 organic revenue growth of 1% to 3%, citing persistent U.S. inflation and higher raw-material, energy, and transportation costs. The company guided fiscal 2027 core EPS to $6.89-$7.11,…
• Commodities and Input CostsImportance 46 · Surprise 42
  P&G expects approximately $1 billion of after-tax commodity, energy, and transportation costs in fiscal 2027. Management estimates these costs will create a $0.56-per-share drag on earnings growth. The cost pressure is…
• Revenue Performance and MixImportance 37 · Surprise 32
  P&G reported fiscal 2025/2026 sales of approximately $87 billion, representing 3.3% year-over-year growth. The company’s fiscal fourth-quarter organic sales growth was 0%, indicating a slowdown from the full-year…

News · 2026-07-31

• Headcount / RestructuringImportance 55 · Surprise 42
  P&G is continuing a restructuring program that includes eliminating approximately 7,000 office jobs worldwide. The company intends to redirect savings toward product innovation and initiatives designed to reignite…

News · 2026-07-30

• Commodities and Supply ChainImportance 52 · Surprise 42
  P&G is facing higher commodity, raw-material, energy and transportation costs that are pressuring its consumer-products business. Third-party reporting cited persistent supply-chain issues alongside inflation and noted…
• Capital Return ProgramImportance 44 · Surprise 24
  P&G returned more than $15 billion to shareholders during fiscal 2026. The company declared a quarterly dividend of $1.0885 per share, equivalent to an annualized dividend yield of approximately 2.9% to 3.0% at the…
• Competition and Market ShareImportance 23 · Surprise 24
  P&G said its branded products were gaining market share against private-label alternatives despite consumer caution and cash constraints. The company is using product upgrades, brand investment and offerings across…
• Market Demand TrendsImportance 17 · Surprise 24
  P&G reported flat organic sales and unchanged volume in the fiscal fourth quarter as consumers traded down to cheaper alternatives. Economic pressure was prompting shoppers to choose smaller pack sizes and promotions,…

8-K · 2026-07-29

• FX / Currency HeadwindsImportance 44 · Surprise 42
  Procter & Gamble included a $50 million after-tax foreign-exchange headwind in fiscal 2027 core EPS guidance. Fiscal 2027 currency-neutral core EPS growth is expected at 0% to 3%, compared with reported core EPS growth…
• Incremental Restructuring ProgramImportance 40 · Surprise 42
  P&G said its portfolio and productivity plan, announced in June 2025, is intended to streamline the portfolio and organization and improve cost structure and competitiveness. The company incurred more than half of the…
• Adjusted Free Cash FlowImportance 37 · Surprise 6
  FY 2026 operating cash flow was $19.556 billion and capital spending was $4.409 billion. Adjusted free cash flow was $15.835 billion after $688 million of payments related to the 2017 U.S. Tax Act. Adjusted free cash…
• Interest Rate OutlookImportance 36 · Surprise 24
  Fiscal 2027 core EPS guidance includes a $150 million after-tax impact from higher net interest expense. Management also identified significant changes in global interest rates and rate differentials as factors that…
• Glad Joint Venture DissolutionImportance 30 · Surprise 42
  The Glad joint venture agreement between P&G and Clorox expired in January 2026. Clorox purchased P&G’s minority interest at fair market value for $476 million. P&G recorded an after-tax gain of $261 million from the…
• Revenue Performance and MixImportance 25 · Surprise 32
  FY 2026 organic sales grew 1% year over year, with volume flat, pricing contributing 1 percentage point, and mix neutral. Nine of ten product categories and all seven regions held or grew organic sales. Q4 FY 2026…
• Segment Revenue PerformanceImportance 25 · Surprise 32
  Q4 FY 2026 Beauty organic sales increased 4% on 3% volume growth and 1% pricing, while Grooming sales were flat on 1% pricing and a 1% volume decline. Health Care organic sales declined 1% as 2% pricing was more than…
• Core Gross Margin DriversImportance 25 · Surprise 32
  FY 2026 core gross margin declined 40 basis points to 50.7% from 51.1% in FY 2025. Currency-neutral core gross margin declined 30 basis points to 50.8%. Q4 FY 2026 core gross margin was 49.1%, unchanged from the prior…
• Core Operating Margin DriversImportance 25 · Surprise 32
  FY 2026 core operating margin declined 70 basis points to 23.6% from 24.3% in FY 2025. Currency-neutral core operating margin declined 60 basis points to 23.7%. Q4 FY 2026 core operating margin declined 130 basis…
• Market Demand TrendsImportance 25 · Surprise 32
  Procter & Gamble reported fiscal 2026 organic sales growth of 1%, with organic volume in line with the prior year, pricing contributing 1 percentage point, and mix neutral. Nine of 10 product categories and all seven…
• Competition and Market ShareImportance 22 · Surprise 32
  P&G said 26 of its top 50 category/country combinations held or grew value share during fiscal 2026, compared with 28 in fiscal 2025. Global aggregate value share was slightly down year over year. In the fourth…
• Geographic Market CommentaryImportance 17 · Surprise 24
  P&G reported that all seven regions held or grew organic sales in fiscal 2026. The company did not identify a specific region as declining in the supplied release. This indicates broad geographic stability despite flat…