[REVISION HISTORY]

Procter & Gamble earnings outlook 2026‑27 (Q4 update)

Updated 2 times since CLSTR started tracking revisions of this situation.

What changed

2026-07-29 23:45 UTC → 2026-07-31 06:43 UTC · added ~~removed~~

Procter & Gamble’s third‑quarter 2026 sales rose 7% (organic 3%) and the company kept its full‑year guidance of 1‑4% growth, while warning that higher commodity costs, tariffs and rising rates would push earnings per share toward the low end of its range. The market responded with a roughly 7% decline in P&G’s share price over the past year, even as the broader S&P 500 advanced. A few days later the firm revised its forward outlook, projecting fiscal 2027 net‑sales growth of only 1%‑3% versus 3.3% in 2026, reflecting weaker demand in grooming and oral‑care as low‑income consumers curb spending amid high food, fuel and inflation pressures. Adjusted earnings per share were forecast at $6.89‑$7.11, slightly below analysts’ median, and core operating margins fell for a third consecutive quarter. P&G anticipated about $1 billion of profit impact from higher raw‑material, energy and transportation costs linked to elevated oil prices. In the fourth quarter, P&G reported net sales of $21.2 billion, a 1.5% year‑over‑year increase, and adjusted earnings per share of $1.43, narrowly beating the $1.41 consensus. The company reaffirmed its fiscal‑2027 revenue growth target of 1%‑3% and EPS range of $6.89‑$7.11, both modestly below analyst expectations. Core operating margin slipped another 130 basis points, marking a third straight quarter of decline. CFO Andre Schulten attributed pressure to higher gas prices, noting consumers shifting to smaller pack sizes and promotions. The dividend yield rose above 3% as the share price fell to around $140. Analysts maintained a moderate‑buy consensus, with several brokerages raising price targets. Institutional investor Strategic Investment Advisors increased its stake by 52.5% to 30,237 shares, signaling continued interest despite the modest outlook.

Versions

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.