P&G Releases Q1 2027 Financial Results

Procter & Gamble (P&G) reported its first quarter fiscal year 2027 net sales of $23.3 billion, a 4% increase from the prior year. 

Organic sales, which exclude foreign exchange, acquisitions and divestitures, also increased 4% from last year. 

Shailesh Jejurikar, Chairman of the Board, President and Chief Executive Officer, commented:

“Our solid sales, earnings and cash results in the first quarter reflect sharpened execution of our integrated strategy. While we expect there will continue to be geopolitical and economic challenges, this strong start keeps us on track to deliver within our guidance ranges for organic sales growth, core EPS growth and free cash flow productivity for the fiscal year. We remain committed to our strategy to delight consumers with superior products at a superior value by putting the consumer first in everything we do. We are confident in the near term and excited about the future.”

P&G’s Beauty segment’s organic sales increased 5% versus a year ago. 

Hair Care organic sales increased mid-single digits driven by innovation-based pricing in North America and Latin America, favorable product mix, and more units.

Personal Care organic sales increased mid-single digits due to volume growth in Greater China and Europe and favorable product mix, partially offset by trade investments. 

Skin Care organic sales increased mid-single digits from favorable premium product mix and an increase in unit volume in North America.