The Procter & Gamble Company (PG) Announced Q3 2026 Earnings on April 24, 2026, Reporting "Organic sales increased more than 3% versus the prior year."

The Procter & Gamble Company reported its third quarter of fiscal 2026 results, with management noting that "Organic sales increased more than 3% versus the prior year." Chief Financial Officer Andre Schulten stated that for the quarter, "core earnings per share came in at $1.59," and the company "returned $3.2 billion of cash to shareowners this quarter, $2.5 billion in dividends and over $600 million in share repurchases." On margins for the quarter, Schulten reported that "core gross margin was down 100 basis points, and core operating margin was down 80 basis points versus prior year."Management emphasized a commitment to their "integrated growth strategy" and driving "constructive disruption." The company highlighted product momentum with recent innovations, including Fairy Skip the Soak, Mr. Clean Shower & Tub scrubber, and Tide EVO. Additionally, Pampers and SK-II led growth in Greater China, "each up double digits." The company also discussed progress on "Supply Chain 3.0," aiming for a more complete system connection and operational automation, and noted being on track to deliver a "15% nonmanufacturing head count reduction over 2 years" as part of its restructuring program.

Looking ahead, P&G is maintaining its fiscal 2026 guidance ranges but expects "full year EPS results to be towards the lower end of the guidance range" due to a new "headwind of approximately $150 million after tax for the fiscal" tied to commodity inflation and logistics disruptions from the conflict in the Middle East.

The company expects fiscal year "organic sales growth of in line to 4%" and fiscal year "core EPS growth in line to 4% versus prior year.

This equates to a range of $6.83 to $7.09 per share." For the full fiscal year, P&G forecasts "adjusted free cash flow productivity in the range of 85% to 90%" and a "plan to return roughly $15 billion of cash to shareowners at fiscal 26."