NYSE:PG

Procter & Gamble Q1 Sales Rise 4% as Volume Growth Offsets Margin Pressure

Procter & Gamble (NYSE: PG) reported a solid start to fiscal 2027, with first-quarter net sales rising 4% year over year to $23.3 billion and organic sales also increasing 4%.

Volume increased 2.4%, while favorable mix added 1.1% and pricing contributed 0.4%. Beauty, Grooming and Fabric & Home Care each posted roughly 5% organic sales growth, while Health Care grew 3% and Baby, Feminine & Family Care increased 3%.

Diluted EPS rose 1% to $1.97, while core EPS increased 1% to $2.00. Operating cash flow was $5.8 billion and free cash flow productivity reached 93%. P&G returned $3.9 billion to shareholders through $2.6 billion of dividends and $1.3 billion of share repurchases.

The main pressure point was profitability. Reported gross margin declined 160 basis points year over year, while core gross margin fell 150 basis points. Higher commodity costs and product reinvestment were the largest headwinds, partially offset by productivity savings, lower tariff costs and modest pricing gains. Core operating margin declined 80 basis points.

P&G maintained its fiscal 2027 organic sales growth outlook of 1% to 3% and kept core EPS growth guidance at flat to 3%, implying core EPS of $6.89 to $7.11. The company updated all-in sales growth guidance to 2% to 4% following the Thorne acquisition.

Management now expects about $1.4 billion of after-tax commodity cost pressure, along with higher interest expense, lower non-operating income and modest foreign-exchange headwinds. Combined, these factors are expected to create a roughly $0.79 per-share drag on fiscal 2027 core EPS growth.

Overall, the quarter showed healthy volume-driven sales growth and strong cash generation, but margin compression and rising commodity costs remain the key constraints on earnings growth.
P&G Stock Falls 2.6% After Earnings as Weak Quarterly Profit and Cautious Outlook Disappoint Investors

Procter & Gamble (NYSE: PG) shares fell 2.6% on Wednesday following the company's fiscal fourth-quarter earnings report, as weaker earnings, margin pressure, and a cautious fiscal 2027 outlook overshadowed modest sales growth.

P&G reported fourth-quarter net sales of $21.2 billion, up 2% year over year, while organic sales were flat as pricing, volume, and mix all remained essentially unchanged. Diluted EPS declined 15% to $1.26, and core EPS slipped 3% to $1.43 as higher selling, general and administrative expenses and lower gross margins weighed on profitability.

Although fiscal 2026 remained a solid year overall, with net sales rising 3% and diluted EPS increasing 2%, investors appeared more focused on the slowdown in quarterly earnings momentum. P&G continued to generate strong cash flow, producing $19.6 billion in operating cash flow during the fiscal year and returning more than $15 billion to shareholders through dividends and share repurchases.

Management acknowledged that profitability continues to face headwinds from higher raw material, transportation, and operating costs, while the company is also increasing investments in marketing and brand support. Although P&G expects fiscal 2027 organic sales growth of 1% to 3% and core EPS growth ranging from flat to 3%, it also warned of an estimated $1 billion after-tax cost headwind from higher commodity, energy, transportation, interest, and foreign exchange costs.

The market's negative reaction suggests investors were disappointed by the combination of declining quarterly earnings, ongoing margin pressure, and relatively conservative earnings guidance for fiscal 2027. While P&G continues to benefit from its strong portfolio of consumer brands and robust cash generation, investors appear to be waiting for clearer signs that cost pressures are easing and earnings growth can reaccelerate.
Procter & Gamble Edges Higher as Jefferies Raises Price Target

Procter & Gamble (NYSE: PG) shares gained 0.35% on Friday after Jefferies Financial Group raised its price target on the consumer goods giant to $179 from $177, while reiterating its *Buy* rating.

The modest increase in the price target reflects Jefferies' continued confidence in Procter & Gamble's resilient business model, supported by its portfolio of leading consumer brands, pricing power, and consistent cash flow generation. The firm expects the company to remain well-positioned despite a challenging consumer spending environment.

The analyst update provided additional support for investor sentiment, helping PG finish the session slightly higher. With the new $179 target implying further upside from current levels, Wall Street remains constructive on the company's long-term outlook.
Procter & Gamble reported fiscal third-quarter 2026 results with net sales rising 7% to $21.2 billion and organic sales up 3%, reflecting broad-based growth across categories and regions.

Diluted earnings per share increased 6% to $1.63, while core EPS rose 3% to $1.59. Net earnings and operating cash flow both reached $4.0 billion during the quarter.

The company returned $3.2 billion to shareholders through dividends and share repurchases and maintained its full-year guidance for sales, earnings, and cash returns.

Source: Business Wire
The Procter & Gamble Company announced that its board has declared a quarterly dividend of $1.0568 per share, payable on or after February 17, 2026, to shareholders of record as of January 23, 2026. The dividend applies to P&G’s common stock as well as its Series A and Series B ESOP Convertible Class A Preferred Stock.

The company highlighted its long-standing commitment to shareholder returns, noting that it has paid dividends for 135 consecutive years and increased its dividend for 69 straight years. P&G said the payout underscores its focus on providing steady and reliable income to investors.

Source: Procter & Gamble news release, January 13, 2026.

Dividend Growth Stocks: Procter & Gamble (PG) Dividend Stock Analysis

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Procter & Gamble Reports 3% Sales Growth in First Quarter of Fiscal 2026

The Procter & Gamble Company (NYSE: PG) announced fiscal 2026 first-quarter results with net sales of $22.4 billion, up 3% year over year, and organic sales rising 2%. Diluted earnings per share increased 21% to $1.95, while core EPS rose 3% to $1.99. The company generated $5.4 billion in operating cash flow and returned $3.8 billion to shareholders through dividends and share repurchases.

Segment performance was led by the Beauty division, which saw a 6% organic sales increase driven by innovation and premium product mix. Grooming and Health Care grew 3% and 1%, respectively, while Fabric & Home Care and Baby, Feminine & Family Care were flat year over year.

P&G reaffirmed its full-year outlook, maintaining guidance for 1–5% sales growth and 3–9% EPS growth. The company expects to return around $15 billion to shareholders in fiscal 2026 through $10 billion in dividends and $5 billion in share buybacks. CEO Jon Moeller emphasized continued investment in innovation and brand superiority amid a challenging global environment.
Procter & Gamble Appoints Craig Arnold to Board of Directors

The Procter & Gamble Company has appointed Craig Arnold, former Chairman and CEO of Eaton Corporation, to its Board of Directors effective June 9. Arnold will serve on the Audit and Compensation & Leadership Development Committees. He is considered an independent director under NYSE standards.

As part of P&G’s standard compensation program for non-employee directors, Arnold will receive a pro-rated restricted stock unit (RSU) grant. His appointment was also disclosed in a company press release.
P&G plans to cut 7.000 jobs in two years, due to tariffs uncertainty
Procter & Gamble Declares Quarterly Dividend of $1.0568 Per Share


The Procter & Gamble Company (NYSE: PG) has announced that its Board of Directors has declared a quarterly dividend of $1.0568 per share. The dividend applies to both its common stock and its Series A and Series B ESOP Convertible Class A Preferred Stock.

Shareholders of record for the common stock as of the close of business on April 21, 2025, will be eligible to receive the dividend, which is scheduled to be paid on or after May 15, 2025. For Series A and Series B preferred shares, the record date is the start of business on April 21, 2025.

The declaration continues P&G’s long-standing commitment to returning value to shareholders through consistent dividend payments.
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