P&G Earnings Beat as Laundry Demand Lifts Sales 4% — SkimNews
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- Procter & Gamble posted adjusted EPS of $2.00 on revenue of $23.3 billion, beating analyst estimates of $1.88 and $22.8 billion, respectively, and sent shares up more than 2% in premarket trading.
- Fabric and home care — home to Tide and Febreze — was the top-performing segment with 4.3% volume growth, while baby, feminine and family care and beauty each grew more than 2%.
- Grooming (Gillette, Venus) saw volume shrink 0.4%, and the health care segment fell 2.9% as demand for Crest toothpaste and Pepto-Bismol weakened.
- CEO Shailesh Jejurikar said P&G is on track to meet its fiscal 2026 guidance despite "geopolitical and economic challenges," noting shoppers are stretching products and buying more value packs.
- P&G raised its fiscal 2027 all-in sales growth outlook to 2%–4% from a prior 1%–3%, citing the Oct. 1 closing of its acquisition of vitamin company Thorne; core EPS guidance of $6.89–$7.11 was reiterated.
Why it matters: P&G's broad-based volume growth — only its second quarter of positive volume in fiscal 2026 — suggests the value-conscious trade-down in consumer staples may be easing, with fabric and home care leading the rebound. But the 2.9% volume drop in health care and the ongoing reliance on acquisitions like Thorne to lift the top-line outlook underscore that the recovery is uneven across categories.
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