Procter & Gamble (PG) Q3 2026 earnings
Procter & Gamble on Friday reported quarterly earnings and income that topped analysts’ expectations, as quantity for its merchandise grew for the primary time in a yr.
Shares of the corporate rose 4% in premarket buying and selling.
Here’s what the corporate reported in contrast with what Wall Street was anticipating, based mostly on a survey of analysts by LSEG:
- Earnings per share: $1.63 adjusted vs. $1.56 anticipated
- Revenue: $21.24 billion vs. $20.5 billion anticipated
P&G reported fiscal third-quarter internet revenue attributable to the corporate of $3.93 billion, or $1.63 per share, up from $3.78 billion, or $1.54 per share, a yr earlier.
Net gross sales rose 7% to $21.24 billion. Organic gross sales, which strip out acquisitions, investments and forex, elevated 3%.
P&G’s quantity elevated 2%, marking the primary time in a yr that it reported rising quantity throughout the corporate. The metric excludes pricing, which makes it a extra correct reflection of demand than gross sales. Like many shopper corporations, P&G has seen demand for its merchandise shrink as buyers attempt to spend much less and stretch their laundry detergent and shampoo additional.
P&G’s magnificence division, which incorporates Olay, Head & Shoulders and Pantene, was the star of the quarter, with 5% quantity progress. P&G stated it noticed quantity will increase throughout its private care, skincare and hair care classes.
The child, female and household care section noticed quantity improve 3%. The firm noticed greater demand for its diapers and household care merchandise, which included Bounty paper towels and Charmin bathroom paper.
P&G’s material and residential care division reported that quantity rose 2% within the quarter, fueled by greater North American demand for its Tide detergent.
Grooming and well being care have been the 2 laggards of the portfolio. The grooming section, which incorporates Gillette and Venus merchandise, noticed quantity fall 2%. Health care, which homes Oral-B and Vicks, additionally reported that quantity declined 2%.
The firm reiterated its full-year forecast of gross sales progress between 1% and 5% and internet earnings per share progress within the vary of 1% to six%.
“We’re increasing investments to accelerate momentum with consumers despite the challenging geopolitical and economic environment, while still maintaining our guidance ranges for the fiscal year,” CEO Shailesh Jejurikar stated in a press release.
