Follow-Up: P&G Fiscal First-Quarter Net Sales Rise 4% to $23.3 Billion as Core EPS of $2.00 Tops Expectations
CINCINNATI — The Procter & Gamble Company (NYSE: PG) reported fiscal year 2027 first-quarter results before the bell on October 22. Net sales were $23.3 billion, an increase of four percent versus the prior year, and organic sales also rose four percent. Core earnings per share were $2.00, above the consensus expectation of about $1.88 reported earlier by GSM.
Diluted net earnings per share were $1.97, up one percent from $1.95 a year earlier, while core EPS rose one percent to $2.00 from $1.99. The company said higher operating costs partly offset the sales gain, with gross margin at 49.8 percent, down 160 basis points. Net earnings were $4.8 billion for the quarter and operating cash flow was $5.8 billion, with free cash flow productivity of 93 percent. P&G returned $3.9 billion to shareholders, via $2.6 billion of dividend payments and $1.3 billion of share repurchases.
By segment, organic sales rose five percent in Beauty, five percent in Grooming, five percent in Fabric & Home Care on volume gains in Fabric Care, three percent in Health Care, and three percent in Baby, Feminine & Family Care, led by Baby Care. Organic volume grew 2.4 percent, with a 1.1 percent favorable mix impact and 0.4 percent from pricing.
P&G updated its fiscal 2027 all-in sales growth outlook to a range of two to four percent to reflect the Thorne acquisition, effective October 1, 2026, while maintaining its outlook for organic sales growth, core EPS growth of in line to plus three percent ($6.89 to $7.11 per share), and cash returns.
Source: GSM · USA (original Chinese edition)
Photo: 宝洁旗下汰渍（Tide）洗衣液产品资料图（Dinkun Chen 摄，CC BY-SA 4.0，经 Wikimedia Commons）。 / Tide laundry detergent, a Procter & Gamble brand, in a file photo (photo by Dinkun Chen, CC BY-SA 4.0, via Wikimedia Commons).
- 2026-10-22Procter & Gamble to Report Fiscal First-Quarter Earnings Before the Bell on October 22: Consensus EPS of $1.88
- 2026-10-22Follow-Up: P&G Fiscal First-Quarter Net Sales Rise 4% to $23.3 Billion as Core EPS of $2.00 Tops ExpectationsThis story
