P&G reports flat FY2026 core EPS ex-FX, guides FY2027 to 0-3% growth on $1B commodity headwind

Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read

Key Changes

• high

  FY2026 organic sales +1% (pricing +1%, volume flat); core EPS $6.89 (+1% reported, flat ex-FX at $6.80). Q4 organic sales flat, core EPS -3% (-5% ex-FX) as 130bp gross margin contraction offset 460bp productivity savings.

  Exhibit 99.1 view on EDGAR →
• high

  FY2027 guidance: organic sales +1-3%, core EPS +0-3%, embedding $1B after-tax commodity/energy/transport headwind plus $150M higher net interest and $150M lower non-op income. Free cash flow productivity guided to 85-90% vs 100% in FY2026.

  Exhibit 99.1 view on EDGAR →
• medium

  Exited Glad joint venture with Clorox in Jan 2026, selling minority stake for $476M and recognizing $261M after-tax gain (excluded from core earnings).

  Exhibit 99.1 view on EDGAR →