P&G's revenue fell short of expectations, and product shipments remained flat overall
Special topic: Focus on the second quarter financial report of US stocks in 2026 Adjusted earnings per share for the quarter beat Wall Street expectations, but revenue missed market estimates. Procter & Gamble's beauty segment had its best performance in the fourth quarter of fiscal 2026, with product shipments rising 3%. Procter & Gamble officially announced: Current CEO Shailesh Jejurika will also serve as chairman of the board of directors starting from August 1, replacing former CEO Jon Mohler. Tide laundry beads are displayed at a Costco store in San Diego, California on May 15, 2026. Procter & Gamble released mixed quarterly earnings on Wednesday, with sales lower than market expectations due to weak end consumer demand. The company's stock price fell more than 3% before the market opened. Based on the consensus expectations of analysts from the London Stock Exchange Group (LSEG), P&G's financial report data compared with market expectations are as follows: Adjusted earnings per share: $1.43, consensus $1.41 Total revenue: $21.2 billion, market estimate of $21.38 billion The financial report shows that P&G's net profit attributable to the parent company in the fourth quarter of fiscal year 2026 was US$3.04 billion, equivalent to US$1.26 per share; in the same period last year, the net profit attributable to the parent company was US$3.62 billion, with earnings per share of US$1.48, a year-on-year decline. Excluding restructuring charges, trading gains and other one-time gains and losses, earnings per share for the quarter were $1.43. The company's net sales rose 2% year over year to $21.2 billion. After excluding the effects of mergers and acquisitions, asset divestitures and exchange rate fluctuations Organic revenue grew zero this quarter , the root cause is that the overall shipment volume of all product categories has not changed. Throughout fiscal 2026, P&G had only one quarter with year-over-year shipment growth. Similar to the situation of many consumer goods companies, consumers now pay more attention to cost-effectiveness. They either choose affordable supermarkets' own brands instead, or reduce the frequency of use of daily necessities such as laundry detergent and laundry detergent, lengthening the consumption cycle, and the overall demand for P&G weakens. Shipment performance of each business segment Beauty Division (Top Performer) : Shipments increased by 3%, and its products include Pantene shampoo, Olay, SK-II skin care and other product lines. : The only other segment in the group that has achieved shipment growth, including Tide laundry detergent and dust mop Easy Clean, with shipments increasing by 1% this quarter. Mother and baby, women and home care sector, men’s grooming sector : Shipments both fell 1%. Health care sector (last performer) : It owns Oral-B, Vic and other brands. Shipments fell 3%, dragged down by lower sales of oral care products. Outlook for the next fiscal year: Demand is unlikely to recover significantly P&G expects core earnings per share in fiscal 2027 to range from $6.89 to $7.11, with overall sales growth ranging from 1% to 3% year-on-year. Wall Street's consensus forecast for the fiscal year was $7.04 per share and revenue growth of 2.7%. Procter & Gamble estimates that rising raw material, energy, and logistics costs will put a combined after-tax profit of US$1 billion under pressure. Coupled with multiple factors such as higher net interest expenses, reduced non-operating income, and negative exchange rates, earnings per share in fiscal 2027 are expected to be dragged down by 8%, equivalent to a decrease of US$0.56 per share. Procter & Gamble officially announced its personnel appointments on the same day: CEO Shailesh Jejurika will serve as chairman of the company starting from August 1 on the basis of his current position, replacing former chairman and former CEO Jon Moller.