PG · 8-K · 20261022PR000252

Supply Chain Tariff Impact

PROCTER & GAMBLE Co · 2026-10-22 · Importance 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 potential FY 2027 headwind not included in current guidance. The earnings outlook therefore does not assume an additional material tariff change beyond the impacts reflected in the forecast. The release does not quantify the quarter's total tariff benefit or cost.

Key facts

• Grooming net earnings were positively impacted by tariff recovery (Q1 FY 2027 net earnings note). source
• Health Care net earnings were partially offset by tariff recovery benefits (Q1 FY 2027 Health Care net earnings note). source
• Baby, Feminine & Family Care net earnings benefit included lower tariff costs (Q1 FY 2027 net earnings note). source