What is the revenue and EPS growth rate for The Procter & Gamble year over year?

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What factors drove the changes in The Procter & Gamble's revenue and profit?

- **Topline Growth**: 2% organic sales driven by Latin America (+7%) and China (+5%), despite U.S. category deceleration.
- **Profitability**: Core EPS +3% to $1.99, with 102% free cash flow productivity and $3.8B shareholder returns.
- **Innovation Edge**: Tide evo test-market success, SK-II premium body wash +80% online, and Baby Dry mid-tier expansion.
- **Restructuring Impact**: 7,000 job cuts to enable $1.5B savings; China restructured go-to-market model driving Baby Care +20%.
- **Risks & Tailwinds**: Commodity headwinds reduced to $100M, but Q2 2026 softer due to prior year port strike distortions.

**【CFO Overview】**
- Q1 2026 organic sales growth of 2%, driven by broad-based category performance (8/10 categories grew) and regional strength in Latin America (+7%) and Greater China (+5%).
- Core EPS of $1.99, up 3% YoY, with strong free cash flow productivity (102%) and $3.8B returned to shareholders (dividends + buybacks).
- Global market share down 30bps, but 24/50 category-country combinations held or gained share.

**【Financial Highlights】**
- Core gross margin down 50bps, offset by 230bps productivity gains.
- Adjusted free cash flow of $1.8B, with $10B+ dividends and $5B+ buybacks planned for FY26.
- Commodity headwind reduced to $100M (from $300M), tariff tailwind of $300M, and $500M restructuring costs.

**【Strategy & Innovation】**
- **Product Innovation**: Tide evo (recyclable, no plastic) launched in test markets with strong retailer demand; SK-II premium body wash (+80% online); Pampers Baby Dry mid-tier innovation.
- **Restructuring**: 7,000 non-manufacturing job cuts (15% workforce reduction) to enable $1.5B+ COGS savings; portfolio rationalization (e.g., Pakistan import model, India laundry bar exit).
- **Market Focus**: China restructured go-to-market model, driving 20% Baby Care growth; Latin America Personal HealthCare +15%.

**【Q&A Highlights】**
- **North America Dynamics**: Fabric Care and Baby Care facing competitive promotions; response via innovation (Tide boosted formula, Luvs Platinum value tier).
- **China Recovery**: 5% organic growth driven by SK-II (+12%), Olay premium body wash (+80% online), and Baby Care (+20%).
- **Tariff Impact**: Exemptions for natural ingredients (e.g., psyllium) reduced headwinds; Q2 2026 softer due to prior year port strike distortions.
- **AI & Commerce**: Partnering with OpenAI/Walmart to leverage generative AI for consumer insights and basket optimization.


The Procter & Gamble Company (PG) Q1 2026 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

PG

PG fundamentals

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