PG · 8-K · 20261022PR000252

FX / Currency Headwinds

PROCTER & GAMBLE Co · 2026-10-22 · Importance 36 · Surprise 24 · In source text

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 2027 net sales guidance includes a combined 1% headwind from foreign exchange and acquisition/divestiture effects. Significant currency weakness is identified as a potential headwind not included in guidance.

Key facts

• The Company projects a $50 million after-tax headwind from foreign exchange for FY 2027. source
• FY 2027 guidance includes Currency-Neutral Core EPS Growth of +0% to +3%. source
• Guidance commentary states Combined Foreign Exchange and Acquisition & Divestiture Impact for FY 2027 estimate is -1% (used to reconcile Net Sales Growth to Organic Sales Growth). source
• Currency impact to Q1 FY 2027 earnings was (0.01) (i.e., a $0.01 negative impact to EPS). source
• On a currency-neutral basis, Core EPS for Q1 FY 2027 was $1.99, in-line with the prior year (0% change). source

Impact estimates