The Procter & Gamble Company (PG) Earnings Call Transcripts
The Procter & Gamble Company's Latest Earnings Call - Q1 FY2027
In the first quarter of fiscal year 2027, Procter & Gamble (P&G) reported organic sales growth of 4.0%, driven primarily by a 2.4% increase in volume. Core earnings per share (EPS) reached $2.00, reflecting a 1% increase compared to the prior year. Management maintained its fiscal guidance, expecting organic sales growth of 1% to 3% and core EPS growth of 0% to 3%, signaling confidence despite anticipated cost pressures from rising commodity prices and geopolitical tensions.
Reported metrics
| Metric | Value |
|---|---|
| Organic Sales Growth | 4.0% |
| Core Gross Margin | down 150 basis points |
| Core Operating Margin | down 80 basis points |
| Free Cash Flow Productivity | 93% |
| Cash Returned to Shareholders | EUR 3.9 billion |
| Dividends Paid | EUR 2.6 billion |
Guidance from management
Management maintained its fiscal 2027 guidance, expecting organic sales growth of 1% to 3% and core EPS growth of 0% to 3%. They noted, "We are maintaining our fiscal 2017 guidance ranges across organic sales, core EPS and free cash flow productivity."
What management said
Thanks, Peter. Sorry, I don't want to evade your question, but the confidence I have is that we'll be in the range. We're in the range Hey, it's 1 quarter. So give us a bit of time to solidify the top line momentum. Give us a bit of time to get our hands around the commodity impact, pricing plans, productivity. And that's why we're reiterating the range. So I'm confident in the range but we'll need time to figure out...
Yes. Thanks for the question, Peter. Let me carefully circle this one. So the -- yes, quarter 1, obviously, COGS reflect a lower input cost right, with inventory holding and those effects. So that's why you see 5%. Quarter 2 has been produced at $100 a barrel. So when I look at a reflecting $100 a barrel, my assumption of IOU would be that flows through in quarter 2. Oil at 113 means more is coming in Q3 and Q4. For ...
What analysts pressed on
Analysts expressed concerns about the sustainability of growth momentum amidst rising commodity costs and a volatile consumer environment. Questions focused on the potential impact of competitive pricing pressures and the ability to maintain margins in light of these challenges.
Main topics on the call
- Revenue Growth Acceleration — P&G experienced a strong start to fiscal Q1 2027 with organic sales increasing by 4.0%, attributed to volume growth of 2.4% and pricing up 0.4%. Management noted, "We see sequential progress from our targeted interventio...
- Cost Pressures and Margin Impact — Management highlighted significant cost headwinds, projecting a $1.4 billion after-tax impact from rising raw material and transportation costs. Core gross margin decreased by 150 basis points, with management stating, "...
- Geographic and Category Growth — All ten product categories and six regions reported organic sales growth, with notable performance in Greater China (up 8%) and Fabric Care in North America (up 5%). Management remarked, "We delivered broad-based growth ...
- Sustaining Momentum — Management expressed confidence in sustaining momentum, aiming for 3% organic sales growth in the first half of the fiscal year, with potential acceleration in the second half. They stated, "We expect half 1 to be at abo...
Read the full The Procter & Gamble Company transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.
About The Procter & Gamble Company
The Procter & Gamble Company (PG) is a publicly listed company in the Household Products industry, within the Consumer Staples sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 64 calls on record spanning January 23, 2020 to October 22, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 64 The Procter & Gamble Company earnings call transcripts on record, spanning January 23, 2020 to October 22, 2026. Based on this history, The Procter & Gamble Company reports quarterly. The most recent call on file is dated October 22, 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
- 64
- First call
- January 23, 2020
- Most recent
- October 22, 2026
- Reporting cadence
- quarterly