Procter & Gamble (PG)
NYSE:PG
Want to see PG full AI Analyst Report?
Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.42Last Year’s EPS
1.48Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive operational picture—broad-based organic sales growth across categories and regions, strong volume momentum in key businesses, meaningful productivity gains, successful innovations, and continued shareholder returns and dividend increases. However, material near-term risks were emphasized: margin pressure from reinvestment, significant and growing cost exposure tied to the Middle East conflict (commodity, feedstock, logistics), supplier disruptions, and Q4 timing uncertainty that could push full-year results toward the lower end of guidance. Management expressed confidence in their long-term strategy and capability to mitigate headwinds via productivity, innovation and targeted pricing, but acknowledged short-term earnings pressure and uncertainty.Company Guidance
Top-Line Growth and Broad-Based Category Performance
Organic sales increased more than 3% year-over-year in the fiscal third quarter; volume contributed +2 percentage points, pricing +1 point, and mix was flat. All 10 product categories grew organic sales (Skin & Personal Care: high single digits; Hair Care, Family Care, Home Care: mid-single digits; Personal Health Care, Oral Care, Fabric Care, Baby Care, Feminine Care, Grooming: low single digits).
Geographic Strength and Share Trends
All seven regions grew organic sales: North America +4% (volume +3 points), Europe +2% (enterprise markets +6%), Greater China +3% (SK‑II and Pampers both up double digits), Latin America +5% (Mexico and Brazil high single digits), and Asia Pacific/Middle East/Africa enterprise +4%. Global aggregate market share improved to in line with prior year and 26 of the top 50 category-country combinations held or grew share.
Earnings, Cash Return and Dividend Progress
Core EPS for the quarter was $1.59 (currency‑neutral up ~3% versus prior year). Adjusted free cash flow productivity was 82% for the quarter. The company returned $3.2 billion to shareowners (≈$2.5B dividends, >$600M share repurchases) and announced a 3% dividend increase, marking the seventh consecutive annual raise and 136th consecutive year of dividend payments.
Strong Productivity Improvements
Reported productivity improvement of ~330 basis points in the quarter, which materially offset headwinds and funded reinvestment; the company reiterated multi-year productivity targets and cited Supply Chain 3.0, automation (unattended shifts, warehousing), and R&D/connectivity initiatives as drivers.
Successful Innovation and Commercial Execution
Multiple product innovations and commercial programs delivered outsized results: Fairy 'Skip the Soak' drove Fairy household penetration to 61% (+5 points in year one); Mr. Clean Magic Eraser platform improvements and new shower/tub scrubber accelerated category performance (18x fair share of bath cleaning growth since launch); Pantene in Germany increased value share by 60 basis points despite a 20% media spend reduction via social/influencer focus; Tide EVO (Tide Evo tight liquid) initial U.S. results on track with mid-teens growth in a key business.
Restructuring and Organizational Progress
Restructuring actions are on track: portfolio and go-to-market changes across Asia (e.g., Bangladesh, Pakistan) and a planned 15% non-manufacturing headcount reduction over two years with significant portion to be delivered this fiscal year. Technology/toolbox rollouts (data platforms, concept-to-content toolchains, molecular discovery, digital twins) are scaling to enable faster innovation and decision-making.
Maintained Fiscal '26 Guidance and Shareholder Return Plan
Company maintained fiscal '26 guidance ranges: organic sales growth in line to 4%; core EPS growth in line to 4% (guidance range $6.83–$7.09 per share). Forecast for returning roughly $15 billion to shareowners in fiscal '26 (≈$10B dividends, $5B repurchases).
PG Earnings History
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 |
|---|---|---|---|
Apr 24, 2026 | $144.62 | $148.18 | +2.46% |
Jan 22, 2026 | $143.95 | $147.76 | +2.65% |
Oct 24, 2025 | $148.97 | $150.28 | +0.88% |
Jul 29, 2025 | $153.76 | $153.27 | -0.32% |
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.
FAQ
When does Procter & Gamble (PG) report earnings?
Procter & Gamble (PG) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is Procter & Gamble (PG) earnings time?
Procter & Gamble (PG) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PG EPS forecast?
PG EPS forecast for the fiscal quarter 2026 (Q4) is 1.42.
