Procter & Gamble Q4 Earnings Miss Estimates Amid Weak Consumer Demand
Procter & Gamble (PG) reported fiscal fourth-quarter net sales of $21.2 billion, missing Wall Street estimates as weak consumer demand impacted results. Organic sales remained flat for the quarter despite a 2% year-over-year increase in total revenue. The company’s adjusted earnings per share came to $1.43, slightly above expectations but down from last year's $1.48. Volume growth in beauty and fabric care segments was insufficient to offset declines in health care, baby, feminine and family care, and grooming. For the full fiscal 2026 year, P&G reported net sales of $87 billion with organic sales up just 1%. The company returned over $15 billion to shareholders through dividends and share repurchases. Looking ahead, it expects modest growth in both organic sales (1%–3%) and core earnings per share ($6.89–$7.11) for fiscal 2027. P&G also announced that CEO Shailesh Jejurikar will assume the role of chairman starting August 1, succeeding Jon Moeller.
Tickers: $PG
Topics: consumer goods sales performance stock market reaction