The earnings call reflected a balanced perspective, with steady growth in organic sales and EPS alongside successful innovations and shareholder returns. However, challenges persist in Greater China, inventory adjustments in the U.S., and tariff impacts, requiring strategic restructuring and renewed focus on product superiority.

Company Guidance -

Q1 2026

During Procter & Gamble's fiscal year 2025 fourth quarter earnings call, the company provided guidance for fiscal 2026, highlighting several key metrics. P&G expects organic sales growth to range from flat to 4%, with a 30 to 50 basis point headwind anticipated from product discontinuations linked to a two-year restructuring program. Core earnings per share (EPS) growth is projected in line to up 4% from fiscal 2025's $6.83, equating to a range of $6.83 to $7.09 per share, with a midpoint of $6.96 or a 2% increase. The guidance considers a $200 million after-tax commodity cost headwind and a $300 million foreign exchange tailwind. Tariffs present a notable challenge, with an estimated $1 billion in higher costs before tax for fiscal 2026, representing a 5-point headwind to core EPS growth. Adjusted free cash flow productivity is forecasted at 85% to 90%, with plans to return approximately $15 billion to shareholders through $10 billion in dividends and $5 billion in share repurchases. The company remains focused on executing its integrated growth strategy amid anticipated macroeconomic and geopolitical volatility.

Steady Organic Sales Growth

Procter & Gamble achieved a 2% growth in organic sales for fiscal year 2025, with volume and price/mix each contributing 1 point. Nine out of ten product categories experienced growth, while e-commerce sales increased by 12%, now representing 19% of the total company sales.

Earnings Per Share Increase

Earnings per share reached $6.83, up 4% year-over-year, with a core operating margin increase of 50 basis points, supported by $2.7 billion in productivity improvements across cost of goods sold and SG&A.

Cash Return to Shareholders

Procter & Gamble returned $16 billion of value to shareholders, including nearly $10 billion in dividends and $6.5 billion in share repurchases, consistent with guidance.

Successful Innovation and Product Launches

The company launched several successful products, such as Pampers in China and the Swiffer PowerMop, contributing significantly to category growth. P&G earned 4 of the top 10 spots in the Circana U.S. New Products Pacesetters report for nonfood product launches.

Restructuring Program Announced

A two-year restructuring program was announced to focus on portfolio, supply chain, and organization design, aiming to reduce up to 7,000 nonmanufacturing roles and improve execution of the growth strategy.

Procter & Gamble (PG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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PG 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

PG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$157.11	$156.61	-0.32%
Apr 24, 2025	$164.60	$158.45	-3.74%
Jan 22, 2025	$158.66	$161.62	+1.87%
Oct 18, 2024	$168.03	$168.04	<+0.01%

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.