P&G demonstrated resilience amidst challenging economic conditions by maintaining stable organic sales growth, strong e-commerce performance, and a significant cash return to shareholders. However, they faced notable challenges in Greater China, inventory reductions, and tariff impacts, leading to a balanced sentiment for the earnings call.

Company Guidance

In the recent Procter & Gamble (P&G) conference call, the company provided guidance for fiscal year 2026, anticipating a challenging environment due to ongoing macroeconomic, geopolitical, and consumer dynamics. Despite these challenges, P&G aims for organic sales growth within a range of flat to 4% compared to the previous year, acknowledging a 30 to 50 basis point headwind from brand and product form discontinuations as part of a two-year restructuring program. The company expects core EPS growth to range from flat to 4%, equating to $6.83 to $7.09 per share, with a midpoint of $6.96. P&G also anticipates a $200 million commodity cost headwind and a $300 million foreign exchange tailwind, along with a $1 billion pre-tax impact from tariffs. The company plans to return approximately $15 billion in cash to shareholders through dividends and share repurchases and projects adjusted free cash flow productivity between 85% and 90%. The restructuring program, aimed at improving competitiveness and execution, is expected to yield up to 7,000 non-manufacturing role reductions over two years.

Stable Organic Sales Growth

Organic sales grew 2% for the fiscal year 2025, with nine of ten product categories showing growth.

Strong E-commerce Performance

E-commerce sales increased by 12%, now representing 19% of total company sales.

Healthy Cash Return to Shareholders

Returned $16 billion to shareholders through dividends and share repurchases, in line with guidance.

Successful Product Innovations

P&G earned 4 of the top 10 spots for successful nonfood product launches in the Circana U.S. New Products Pacesetters report.

Significant Organizational Restructuring

Announced a two-year restructuring program aimed at reducing up to 7,000 nonmanufacturing roles to enhance operational efficiency.

Procter & Gamble (GB:0NOF) Earnings, Revenues Date & History

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GB:0NOF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 15, 2025	2026 (Q1)	1.92 / -	1.93	―	―	―
Jul 29, 2025	2025 (Q4)	1.42 / 1.48	1.4	5.71% (+0.08)
Apr 24, 2025	2025 (Q3)	1.52 / 1.54	1.52	1.32% (+0.02)
Jan 22, 2025	2025 (Q2)	1.86 / 1.88	1.84	2.17% (+0.04)
Oct 18, 2024	2025 (Q1)	1.90 / 1.93	1.83	5.46% (+0.10)
Jul 30, 2024	2024 (Q4)	1.37 / 1.40	1.37	2.19% (+0.03)
Apr 19, 2024	2024 (Q3)	1.42 / 1.52	1.37	10.95% (+0.15)
Jan 23, 2024	2024 (Q2)	1.70 / 1.84	1.59	15.72% (+0.25)
Oct 18, 2023	2024 (Q1)	1.72 / 1.83	1.57	16.56% (+0.26)
Jul 28, 2023	2023 (Q4)	1.32 / 1.37	1.21	13.22% (+0.16)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:0NOF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$156.65	$155.43	-0.78%
Apr 24, 2025	$166.74	$155.82	-6.55%
Jan 22, 2025	$156.65	$156.65	0.00%
Oct 18, 2024	$165.47	$168.51	+1.84%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.