The Procter & Gamble Company (PG) Earnings Call Transcripts

The Procter & Gamble Company's Latest Earnings Call - September 10, 2026

In the fourth quarter of fiscal year 2026, Procter & Gamble (PG) reported revenues of $20.5 billion, slightly below the $21 billion consensus estimate, reflecting a 2% year-over-year decline. Earnings per share (EPS) came in at $1.25, missing expectations by $0.05. Management maintained its guidance for fiscal year 2027, targeting revenue growth of 4% to 6%, despite ongoing cost pressures and a challenging market environment. The company emphasized its commitment to improving execution rather than overhauling its long-standing growth strategy, which has been in place for nearly two centuries.

Reported metrics

Guidance from management

Management maintained its revenue growth guidance for fiscal year 2027 at 4% to 6%, despite acknowledging increased cost pressures and market challenges.

What management said

It's hard to say, and there might be instances where others feel that we are leading the instances where we feel others are leading. I think it comes back to the same principle. We will be competitive. And if we're not, we'll make the right interventions. .

No, just what I said, I think it's the same hurdle rate that we apply to every acquisition, and the construct of the business plan and Paul will talk more. Paul's, our CEO for the health care business. He will talk more about it and certainly more eloquent than I can, on what really the business opportunity is. But we see an enormous potential in a brand that is growing 30%, has more than 30% EBITDA margin and enormo...

What analysts pressed on

Analysts expressed concerns regarding the company's ability to stabilize growth in the U.S. market, particularly with a noted gap between sell-in and sell-out performance. There were also questions about the sustainability of market share gains and the impact of rising costs on profitability.

Main topics on the call

• Revenue Performance — P&G reported revenues of $20.5 billion for Q4, missing the consensus estimate of $21 billion. Management noted, 'the underlying mission here is we got to get back in the U.S. to 3% to 4% growth.'
• Earnings Miss — The EPS of $1.25 fell short of the expected $1.30, indicating ongoing challenges in achieving profitability amidst rising costs. CFO Andre Schulten stated, 'the pressure on pricing will increase with some of the cost pre...
• Strategic Focus on Execution — Management reiterated that the core strategy remains unchanged, focusing on 'improving execution' rather than a complete strategy reset. Schulten emphasized, 'the art in the strategy is the consistent execution.'
• Supply Chain Enhancements — P&G is advancing its 'Supply Chain 3.0' initiative, which aims to automate and digitize processes for improved productivity. Schulten mentioned, 'maximum automation of the supply chain' will provide a productivity runway...

Read the full The Procter & Gamble Company transcript (September 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 63 The Procter & Gamble Company earnings call transcripts on record, spanning January 23, 2020 to September 10, 2026. Based on this history, The Procter & Gamble Company reports quarterly. The most recent call on file is dated September 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PG

Exchange

NYSE

Country

US

Sector

Consumer Staples

Industry

Household Products

Calls on record

63

First call

January 23, 2020

Most recent

September 10, 2026

Reporting cadence

quarterly