Today, Procter & Gamble reported Q2 2026 results in line with Wall Street estimates; however, the company lowered its fiscal 2026 earnings outlook.
In Q2, P&G reported revenue of $22.21 billion, compared with the $22.28 billion expected.
The company’s net sales rose 1% to $22.21 billion for the quarter.
P&G’s volume decreased by 1%, with three of its five product categories posting lower sales and demand for razors and diapers also declining. The company’s baby, feminine, and family care segment was down 5%.
P&G now expects net earnings per share growth of 1% to 6%, down from the previous estimate of 3% to 9%, citing increased restructuring charges. Looking ahead, the sales growth outlook remains unchanged.
P&G’s President and CEO, Shailesh Jejurikar, told investors, “Our results in the second quarter keep us on track to deliver within our fiscal year guidance ranges for organic sales growth, core EPS growth and adjusted free cash flow productivity in a challenging consumer and geopolitical environment.”
Looking ahead, “We have confidence in our plans to deliver stronger results in the second-half of the fiscal year. We remain committed to our integrated growth strategy and are excited by the opportunity ahead to reinvent P&G and create the CPG company of the future, delivering long-term balanced top- and bottom-line growth and value creation.”
Following the release, P&G CFO Andre Schulten told reporters, “We’ve now completed what we fully expect will be the softest quarter of the fiscal year.”
“People have not stopped washing their hair, they still buy diapers, they do their laundry — albeit at a little bit slower pace, so the market growth has certainly slowed over the last 18 to 24 months,” Schulten said.
P&G shares fell around 1.5% in premarket trading following the announcement.
By CEO NA Editorial Staff
