The Procter & Gamble Company (PG) Earnings Call Transcripts

The Procter & Gamble Company's Latest Earnings Call - Q4 FY2026

In the fourth quarter of fiscal 2026, Procter & Gamble reported organic sales growth of 1%, with core EPS of $1.43, down 3% year-over-year. The company maintained its guidance for fiscal 2027, projecting organic sales growth between 1% and 3%, with core EPS expected to range from $6.89 to $7.11. Management emphasized the importance of strategic interventions to stabilize market share and drive future growth despite a challenging macroeconomic environment.

Reported metrics

Guidance from management

For fiscal 2027, P&G expects organic sales growth of 1% to 3% and core EPS between $6.89 and $7.11, indicating a cautious outlook amid ongoing cost pressures and market volatility.

What management said

I would just say, Lauren, to that question in addition to what Andre said is we've made big inflections on some of them. I think Fabric Care, U.S. being one of those and we are building further momentum there. And where we have gaps, we have very clearly identified the category customer combinations that need to inflect and have very clear time bound plans on those being executed over the next 6 months.

I think just to add to what Andre said. Specifically, we think with innovation, there will be -- we believe we will be able to have a consistent price mix and a more balanced volume price and mix growth composition of sales. If costs remain elevated, we typically do see promotion levels go up or down. So if costs tend to be high, we will see promotions ease off a bit. But as Andre said, it's generally trending towa...

What analysts pressed on

Analysts expressed concerns about the disconnect between sell-out and sell-in figures, particularly in North America, where sell-out was up 2% while sell-in was down 1%. There are worries about the sustainability of growth given the challenging macroeconomic environment and the impact of inflation on consumer spending.

Main topics on the call

• Market Share Stabilization — Management noted that 'global share has now stabilized and has been flat for 3-month periods,' indicating progress in regaining consumer trust and market position. They highlighted that '50% of our top customers' brand c...
• Cost Pressures and Guidance — P&G expects approximately $1 billion in cost headwinds for fiscal 2027 due to higher raw materials and transportation costs. Despite this, they maintained guidance with core EPS projected between $6.89 and $7.11, reflect...
• Innovation and Product Performance — The company is focusing on innovation to drive growth, with Shailesh Jejurikar stating, 'when we innovate well against the right growth opportunity areas, we can get back to high growth rates.' Successful product upgrade...
• E-commerce Growth — E-commerce sales increased by 6%, now representing 20% of total company sales. This growth reflects P&G's strategic focus on digital channels and adapting to changing consumer shopping behaviors.

Read the full The Procter & Gamble Company transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 62 The Procter & Gamble Company earnings call transcripts on record, spanning January 23, 2020 to July 29, 2026. Based on this history, The Procter & Gamble Company reports quarterly. The most recent call on file is dated July 29, 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

62

First call

January 23, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly