Procter & Gamble Company (The): Beat — EPS $2.00, Revenue $23.28B
Earnings BeatQ1 2027 · Pre-market
Did Procter & Gamble Company (The) (PG) beat earnings today?
Yes, Procter & Gamble Company (The) (PG) beat Wall Street analyst expectations for Q1 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+5.82% surprise
$2.00Actual
Expected: $1.89
vs. year ago +1.0%
Total Revenue+2.01% surprise
$23.28BActual
Expected: $22.82B
vs. year ago +4.0%
Released Oct 22 · 7:00 AM ET
Earning Report
| Metric | Q1 FY2027 | Q1 FY2026 | YoY Change % |
|---|---|---|---|
| Net Sales | $23.28B | $22.39B | 4.0 |
| Revenue detail — reported lines | |||
| └─Beauty | $4.41B | - | 6.0 |
| └─Grooming | $1.89B | - | 4.0 |
| └─Health Care | $3.32B | - | 3.0 |
| └─Fabric & Home Care | $8.21B | - | 4.0 |
| └─Baby, Feminine & Family Care | $5.32B | - | 3.0 |
| GAAP Basic EPS | $2.00 | $2.00 | 0.0 |
| GAAP Diluted EPS | $1.97 | $1.95 | 1.0 |
| Core EPS | $2.00 | $1.99 | 1.0 |
| Net Earnings | $4.76B | $4.78B | -1.0 |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY2027 Outlook |
|---|---|---|
| Net Sales Growth | — | +2% to +4% |
| Organic Sales Growth | — | +1% to +3% |
| Discontinuations | — | -30 to -50 bps |
| Diluted EPS Growth | — | +1% to +5% |
| Core EPS Growth | — | -% to +3%; $6.89-$7.11 (mid-point $7.00) |
| Commodity Cost Headwind | — | ~$1.4B after tax |
| Net Interest Expense Headwind | — | $300M after tax |
| Non-Operating Income Headwind | — | $150M after tax |
| Foreign Exchange Headwind | — | $50M after tax |
| Core EPS Headwind | — | $0.79/share (11% drag) |
| Capital Spending | — | 4.5%-5.5% of net sales |
| Free Cash Flow Productivity | — | 85%-90% |
| Dividends | — | >$10B |
| Share Repurchases | — | ~$5B |
Business Highlights
- ➤Updated fiscal 2027 all-in sales outlook for the Thorne acquisition effective October 1, 2026.
- ➤Hair Care growth reflected innovation-based pricing in North America and Latin America.
- ➤Personal Care benefited from volume growth in Greater China and Europe.
- ➤Skin Care saw favorable premium product mix and higher North American unit volume.
- ➤Grooming innovation-based pricing was led by North America and IMETA.
- ➤Fabric Care volume increased in North America and Europe.
- ➤Baby Care unit volume increased primarily in Greater China and North America.
- ➤Returned $3.9B to shareowners through dividends and share repurchases.
- ➤P&G operates in approximately 70 countries worldwide.
Management Commentary
Shailesh Jejurikar, Chairman of the Board, President and Chief Executive Officer
“Our solid sales, earnings and cash results in the first quarter reflect sharpened execution of our integrated strategy. While we expect there will continue to be geopolitical and economic challenges, this strong start keeps us on track to deliver within our guidance ranges for organic sales growth, core EPS growth and free cash flow productivity for the fiscal year. We remain committed to our strategy to delight consumers with superior products at a superior value by putting the consumer first in everything we do. We are confident in the near term and excited about the future.”