PG · Industrials

PROCTER & GAMBLE Co

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: everything published this earnings window

News · 2026-11-07

• Senior Notes IssuanceImportance 38 · Surprise 24
  Procter & Gamble issued US$4 billion of senior notes in a long-term debt financing. The offering has multiple tranches with maturities spread across several future dates, creating staggered repayment obligations. The…

News · 2026-11-06

• Oil-related Cost HeadwindImportance 32 · Surprise 24
  Management warned that raw-material, energy, and freight costs are rising, with the Middle East conflict identified as a particular pressure. The article says P&G’s gross margin has already slipped and that these costs…
• Inflation and Geopolitical PressureImportance null · Surprise null
  Management warned that rising raw-material, energy, and freight costs, particularly those tied to the Middle East conflict, are expected to significantly affect fiscal 2027 earnings per share. P&G plans to raise prices…

News · 2026-11-05

• Long-term Debt IssuanceImportance 38 · Surprise 24
  P&G is raising US$4 billion through long-term debt. The reported financing followed a strong first quarter. The report noted that P&G incurred higher interest rates while raising the debt.
• Senior Notes IssuanceImportance null · Surprise null
  Procter & Gamble is raising US$4 billion through long-term debt, an amount above the stated materiality threshold. The third-party report says the financing follows a strong first quarter and is occurring despite…

News · 2026-11-04

• Senior Notes IssuanceImportance 38 · Surprise 24
  Procter & Gamble raised US$4 billion through senior notes issued across four maturities, providing long-term financing. The reported financing followed fiscal first-quarter revenue of US$23.28 billion and core EPS of…
• Capital Return ProgramImportance 13 · Surprise 6
  Procter & Gamble declared a quarterly dividend of $1.0885 per share. The dividend was cited alongside the company’s fiscal first-quarter revenue of $23.28 billion and earnings of $2.00 per share. The report did not…

News · 2026-11-03

• Senior Notes IssuanceImportance 26 · Surprise 24
  Procter & Gamble closed a €3.25 billion public offering of four euro-denominated note tranches on November 3, 2026. The tranches comprise €750 million due November 3, 2030, €1 billion due November 3, 2034, €750 million…
• Market Demand TrendsImportance 17 · Surprise 24
  A third-party report described consumers as increasingly cautious about household spending, putting demand for premium products under pressure. It also cited intense competition and a value-conscious market. P&G is…
• Geographic Market CommentaryImportance 14 · Surprise 24
  A third-party article cited potential weakness in Pampers in Greater China as a risk to P&G’s sales growth. The report did not provide a quantified demand change or details on specific customer groups. It identifies…

News · 2026-11-01

• Investor Stake ChangesImportance 13 · Surprise 22
  Vise Technologies increased its Procter & Gamble stake by 15.2% during the third quarter. The increase consisted of an additional 17,395 shares. The report also says other institutional investors adjusted their PG…
• Quarterly Dividend DeclarationImportance 13 · Surprise 6
  Procter & Gamble declared a quarterly dividend of $1.0885 per share. The reported dividend amount is $1.0885 for each share. The news item identifies the dividend as quarterly but provides no payment date or record date.

News · 2026-10-30

• Senior Notes IssuanceImportance 52 · Surprise 42
  Procter & Gamble completed a $4 billion senior notes offering on October 30, 2026, across four tranches. The notes carry coupons of 5.125%, 5.300%, 5.450%, and 5.900%, and mature in 2031, 2033, 2036, and 2056,…

10-Q · 2026-10-22

• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  P&G completed its acquisition of Thorne on October 1, 2026, for $3.9 billion in an all-cash transaction. Thorne is a premium wellness and supplement brand primarily selling in North America. The business will become…
• Headcount / RestructuringImportance 58 · Surprise 42
  P&G expects approximately $2.0 billion of before-tax restructuring costs over two years under the portfolio, supply chain, and productivity plan announced in June 2025. The company incurred more than half of those…
• Focused Portfolio RestructuringImportance 58 · Surprise 42
  In June 2025, P&G announced a portfolio and productivity plan expected to generate approximately $2.0 billion in before-tax restructuring costs over two years. The company incurred more than half of these costs in…
• Thorne Acquisition and Portfolio StrategyImportance 53 · Surprise 60
  P&G completed the acquisition of Thorne on October 1, 2026, for $3.9 billion in an all-cash transaction. Thorne is a premium wellness and supplement brand primarily sold in North America. The business will join P&G’s…
• Geographic Market CommentaryImportance 52 · Surprise 56
  Growth was broad-based but uneven by geography. Beauty delivered high-single-digit Hair Care growth in Asia Pacific and Latin America, more than 20% Personal Care growth in Europe, and double-digit Skin Care growth in…
• Liquidity and Debt PositionImportance 50 · Surprise 24
  Financing activities generated $1.1 billion of net cash fiscal year to date, primarily from a net debt increase related to the planned Thorne acquisition. Dividends and treasury-stock purchases partially offset the…
• Interest Expense IncreaseImportance 42 · Surprise 40
  Interest expense increased $26 million year over year to $223 million in the quarter ended September 30, 2026. Interest income declined $6 million to $102 million. Other non-operating income declined $61 million to…
• Adjusted Free Cash Flow and CapexImportance 41 · Surprise 14
  Fiscal-year-to-date operating cash flow increased $359 million year over year to $5.8 billion through September 30, 2026. Capital spending was $1.366 billion, producing free cash flow of $4.401 billion and…
• Market Demand TrendsImportance 37 · Surprise 32
  P&G’s quarterly net sales increased 4.0%, with unit volume up 2.4% and organic sales up 4.0%. Fabric & Home Care volume rose 4.3%, driven by market growth in North America, Europe and Latin America, while Beauty volume…
• Gross Margin DriversImportance 36 · Surprise 40
  Gross margin declined 160 basis points to 49.8% of net sales in the quarter ended September 30, 2026. Commodity costs reduced margin by 140 basis points, product and packaging investments reduced it by 140 basis…
• Operating Expense TrendsImportance 36 · Surprise 14
  Total SG&A spending was essentially unchanged at $5.7 billion year over year, while SG&A declined 90 basis points to 24.3% of net sales. Lower overhead costs and scale benefits offset higher marketing spending, and…
• Product Launch and TransitionImportance 31 · Surprise 42
  Innovation was a major driver of volume and mix across P&G’s portfolio. Hair Care volume grew in Europe, Asia Pacific and Greater China due to innovation, while Personal Care volume benefited from innovation in Greater…
• Supply Chain And InventoryImportance 31 · Surprise 32
  P&G reported increased safety-stock levels as part of its supply-chain management, causing inventories to consume $349 million of cash year to date. Days inventory on hand nevertheless decreased by two days, indicating…
• Revenue Performance and MixImportance 30 · Surprise 14
  Net sales increased 4.0% year over year to $23.276 billion from $22.386 billion for the three months ended September 30, 2026. Unit volume contributed 2.4%, favorable geographic mix contributed 1.1%, and pricing…
• Segment Revenue PerformanceImportance 30 · Surprise 14
  Beauty sales increased 6% to $4.4 billion, with organic sales up 5%, while Grooming sales increased 4% to $1.9 billion and organic sales increased 5%. Health Care sales increased 3% to $3.3 billion despite a 3%…
• Competition and Market ShareImportance 23 · Surprise 24
  P&G operates across branded, private-label and multiple price-tier categories, with competition from global, regional and local players. Beauty’s global market share declined 0.2 points, including declines of 0.4…
• Manufacturing and CapacityImportance 20 · Surprise 24
  Manufacturing productivity savings provided a 120-basis-point benefit to gross margin and contributed to cost competitiveness during the quarter. Fabric & Home Care absorbed substantial commodity, product-investment…
• Income Tax Rate ChangesImportance 18 · Surprise 14
  The effective income tax rate increased to 21.0% for the three months ended September 30, 2026, from 20.8% in the prior-year quarter. The 20-basis-point increase was primarily caused by discrete impacts related to…
• Distribution ChannelsImportance 10 · Surprise 6
  P&G sells through a diversified channel network spanning mass merchandisers, e-commerce and social commerce, grocery and membership clubs, drug and department stores, distributors, wholesalers, specialty beauty stores,…

8-K · 2026-10-22

• Capital Return ProgramImportance 68 · Surprise 42
  P&G’s fiscal 2027 guidance includes approximately $5 billion of dividends. The company also plans more than $10 billion of direct share repurchases during fiscal 2027. These planned distributions are supported by the…
• FY 2027 Guidance / OutlookImportance 57 · Surprise 60
  P&G maintained FY 2027 organic sales growth guidance of 1% to 3% and core EPS growth guidance of 0% to 3%. It updated net sales growth guidance to 2% to 4%, while maintaining all-in EPS growth guidance of 1% to 5%. The…
• Macroeconomic Factors ImpactImportance 50 · Surprise 42
  Management described the macro environment as challenging and expects cost headwinds to increase over the next few quarters. FY 2027 guidance includes a $1.4 billion after-tax impact from higher energy, transportation…
• Adjusted Free Cash Flow and CapexImportance 48 · Surprise 24
  For the three months ended September 30, 2026, operating cash flow was $5,767 million and capital spending was $1,366 million. Free cash flow was $4,401 million against net earnings of $4,757 million, producing 93%…
• Headcount / RestructuringImportance 46 · Surprise 42
  P&G said its portfolio and productivity plan is intended to streamline the portfolio and organization, improve its cost structure and enhance competitiveness. The company expects approximately $2 billion of before-tax…
• Income Tax Rate ChangesImportance 41 · Surprise 32
  P&G expects a fiscal 2027 core effective tax rate of 20% to 21%. The tax-rate range is included in the company’s earnings guidance alongside core EPS growth of 0% to 3%. The company reported Q1 FY 2027 core EPS of…
• Market Demand TrendsImportance 37 · Surprise 32
  Procter & Gamble reported 4.0% organic sales growth in Q1 FY 2027, including 2.4% organic volume growth, 1.1% mix improvement and 0.4% pricing. All 10 product categories and all six regions delivered organic sales…
• Supply Chain Tariff ImpactImportance 37 · Surprise 42
  Tariff recovery contributed to Grooming and Health Care segment earnings, while lower tariff costs contributed to Baby, Feminine and Family Care earnings in the quarter. Management lists significant tariff changes as a…
• FX / Currency HeadwindsImportance 36 · Surprise 24
  P&G included a $50 million after-tax foreign-exchange headwind in FY 2027 earnings guidance. The company maintained guidance for 0% to 3% currency-neutral core EPS growth, compared with 0% to 3% core EPS growth. FY…
• Segment Demand TrendsImportance 31 · Surprise 32
  Beauty organic sales increased 5.4%, supported by 2.2% volume growth, 2.5% mix improvement and 0.7% pricing; Hair Care share was flat while Personal Care and Skin Care share declined. Grooming organic sales grew 4.5%…
• Revenue Performance and MixImportance 30 · Surprise 14
  Q1 FY 2027 organic sales grew 4.0% year over year, including 2.4% organic volume growth, 1.1% mix improvement and 0.4% pricing. All 10 product categories and all six regions delivered organic sales growth. Beauty led…
• Competition and Market ShareImportance 27 · Surprise 40
  P&G said 29 of its top 50 category/country combinations held or grew value share during the fiscal year through August 2026, compared with 26 in the prior-year comparison shown. Global aggregate value share was in line…
• Segment Revenue PerformanceImportance 24 · Surprise 14
  Beauty organic sales increased 5.4%, driven by 2.2% volume, 2.5% mix and 0.7% pricing, while Grooming organic sales rose 4.5% despite a 0.4% volume decline because pricing increased 3.5% and mix improved 1.5%. Health…
• Gross Margin DriversImportance 24 · Surprise 14
  Q1 FY 2027 core gross margin was 50.0%, down 150 basis points from 51.5% in the prior-year quarter. Currency had no impact on the year-over-year core gross-margin change, leaving currency-neutral core gross margin at…
• Operating Margin DriversImportance 24 · Surprise 14
  Q1 FY 2027 core operating margin was 25.9%, compared with 26.7% in the prior-year quarter, a decline of 80 basis points. Currency reduced the margin by 0.1 percentage points, producing a 90-basis-point decline in…
• Glad Joint Venture DissolutionImportance 24 · Surprise 42
  The Glad joint venture agreement between P&G and Clorox expired in January 2026. Under the agreement, Clorox purchased P&G's minority interest at fair market value for $476 million. P&G accounted for the transaction as…

8-K · 2026-10-22

• Income Tax Rate ChangesImportance 44 · Surprise 42
  P&G now expects a fiscal 2027 core effective tax rate of 20%–21%. The company reported a 21.0% GAAP effective tax rate for the first quarter of fiscal 2027, compared with 20.8% in the prior-year quarter. The forward…
• Acquisition / Partnership / DivestitureImportance 44 · Surprise 60
  P&G updated fiscal 2027 all-in sales guidance to reflect the Thorne acquisition effective October 1, 2026. The company did not disclose a purchase price or first-quarter acquisition-related cash outflow in the release.…
• Revenue Performance and MixImportance 37 · Surprise 32
  Fiscal 2027 first-quarter net sales increased 4.0% to $23.3 billion from $22.4 billion, while organic sales also rose 4.0%, driven by 2.4% volume growth, 1.1% favorable mix and 0.4% pricing. Beauty generated $4.410…
• Market Demand TrendsImportance 37 · Surprise 32
  P&G’s fiscal 2027 first-quarter organic sales increased 4.0%, supported by 2.4% organic volume growth, 1.1% favorable mix and a 0.4% pricing benefit. Fabric & Home Care posted 4.8% organic sales growth, led by 4.3%…
• FX / Currency HeadwindsImportance 36 · Surprise 24
  P&G expects a $50 million after-tax unfavorable foreign-exchange impact in fiscal 2027. This FX impact is included in a combined $0.79-per-share headwind and an 11% drag on core EPS growth. First-quarter total-company…
• Product Innovation And TransitionImportance 31 · Surprise 32
  Innovation-based pricing supported Beauty hair care, Grooming and Feminine Care performance. Beauty hair care organic sales increased mid-single digits on innovation-based pricing, favorable product mix and higher unit…
• Gross Margin DriversImportance 25 · Surprise 32
  Reported gross margin declined 160 basis points year over year to 49.8%, while core gross margin declined 150 basis points to 50.0%. Higher commodity costs reduced margin by 140 basis points, product reinvestments…
• Operating Expense TrendsImportance 25 · Surprise 32
  Reported SG&A was $5.661 billion, essentially unchanged from $5.643 billion, while SG&A declined to 24.3% of sales from 25.2%. Core SG&A as a percentage of sales decreased 80 basis points, including a 70-basis-point…
• Operating Margin DriversImportance 25 · Surprise 32
  Reported operating income increased 1% to $5.937 billion, but operating margin declined 70 basis points to 25.5%. Core operating margin declined 80 basis points to 25.9%, or 90 basis points to 25.8% on a…
• Pricing and PromotionsImportance 25 · Surprise 32
  Pricing had a minor positive impact on total company first-quarter sales, contributing 0.4% to organic sales growth. Grooming generated a 3.5% pricing contribution, while Health Care contributed 2.8%, primarily through…
• Supply Chain Tariff ImpactImportance 20 · Surprise 24
  P&G reported a 50-basis-point gross-margin benefit from lower tariff costs and recognized recoveries in the first quarter of fiscal 2027. The release does not quantify the related tariff dollars or identify specific…
• Geographic Market CommentaryImportance 15 · Surprise 14
  North America and Latin America contributed to Beauty hair care growth through innovation-based pricing, while Personal Care benefited from volume growth in Greater China and Europe. Skin Care unit volume increased in…