The Procter & Gamble Company (PG) Earnings Call Summary — Q2 FY26
Procter & Gamble makes everyday brands like Tide, Pampers, Gillette, Crest and Charmin.
The Procter & Gamble Company (PG) reported Q2 FY26 results on July 29, 2026. Earnings per share came in at $1.43 against a $1.41 consensus, so the company beat on the bottom line. Revenue of $21.20B landed below the $21.38B estimate. PG has beaten consensus EPS in 7 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
Chief Financial Officer: “I will start with an overview of results for 2026, and Shailesh will discuss strategy, innovation, and focus areas as we start calendar year 2026.”
Chief Executive Officer: “Greater China Baby Care was one of the first categories to make a step change and continues to lead growth of the premium and super-premium segments of the market behind consumer insight-driven innovation and brand communication.”
Chief Financial Officer: “We expect stronger results in the second half which enables us to maintain fiscal year 2026 guidance ranges across organic sales, core EPS, and adjusted free cash flow productivity.”
Chief Executive Officer: “We continue to believe the best path to sustainable, balanced growth is to double down on the strategy: stronger integrated execution to delight consumers with superior products at a superior value.”
Chief Financial Officer: “If you look at Latin America, 8% growth; Europe in aggregate growing 3%; China growing 3% on top of 5% growth last quarter; Asia, Middle East, Africa is up 2%.”
What moved the stock
PG reported Jul 29. The highlights: EPS of $1.43 — in line with the $1.41 estimate; revenue of $21.20B — in line with the $21.38B consensus. Focus now shifts to volume growth and pricing normalization.