Procter & Gamble (PG) Q3 2026 earnings
Procter & Gamble On Friday, it reported quarterly earnings and revenue that beat analysts’ expectations, as product volume rose for the first time in a year.
The company’s shares rose 4% in premarket trading.
Here are the company’s reported results compared to Wall Street expectations, based on a survey of analysts by LSEG:
- Earnings per share: Adjusted $1.63, expected $1.56
- Revenues: 21.24 billion dollars, while the expectation was 20.5 billion dollars
P&G reported fiscal third-quarter net income attributable to the company was $3.93 billion, or $1.63 per share, compared to $3.78 billion, or $1.54 per share, a year earlier.
net sales It increased by 7% to $21.24 billion. Organic sales, which exclude acquisitions, divestitures and currency, increased 3%.
P&G’s volume rose 2%, reporting its first companywide volume increase in a year. It excludes metric pricing, making it a more accurate reflection of demand rather than sales. Like many consumer companies, P&G has seen demand for its products decline as shoppers look to spend less and stretch their laundry detergent and shampoos further.
P&G’s beauty division, consisting of Olay, Head&Shoulders and Pantene, was the star of the quarter with a 5% volume increase. P&G said it saw volume increases in the personal care, skin care and hair care categories.
In the baby, women and family care segment, volume increased by 3%. The company has seen increased demand for its baby diapers and family care products, including Bounty paper towels and Charmin toilet paper.
P&G’s fabric and home care division reported sales volume rose 2% in the quarter, driven by rising North American demand for its Tide detergent.
Care and healthcare were the remaining two elements of the portfolio. Sales volume in the grooming segment, which includes Gillette and Venus products, fell 2%. Healthcare services, which include Oral-B and Vicks, also reported volume down 2%.
The company reiterated its forecast for full-year sales growth to be between 1% and 5% and net earnings per share growth to be between 1% and 6%.
“Despite the challenging geopolitical and economic environment, we are increasing investments to build momentum with consumers, while maintaining our guidance ranges for the fiscal year,” CEO Shailesh Jejurikar said in a statement.
