Procter & Gamble Co. (NYSE:PG) delivered third-quarter results ahead of expectations, with both earnings and revenue surpassing analyst estimates as the group reported broad-based growth across its product lines.
Adjusted earnings per share came in at $1.59, exceeding the $1.56 consensus by $0.03. Revenue reached $21.2 billion, beating forecasts of $20.57 billion and marking a 7% increase year-on-year. Organic sales rose 3%, supported by a 2% rise in volumes and a 1% contribution from pricing.
Shares gained 1.6% following the announcement.
Broad-Based Growth Across Segments
“We delivered a solid acceleration in top-line results in our fiscal third quarter, with broad-based growth across product categories and regions,” said Shailesh Jejurikar. “We’re increasing investments to accelerate momentum with consumers despite the challenging geopolitical and economic environment, while still maintaining our guidance ranges for the fiscal year.”
All five of the company’s business segments recorded organic growth. The Beauty division led with a 7% increase, driven by product innovation and higher volumes. Fabric & Home Care and Baby, Feminine & Family Care each posted 3% growth, while Health Care rose 2% and Grooming increased 1%.
Outlook Maintained with Cautious Tone
P&G reiterated its full-year fiscal 2026 core EPS guidance of $6.83 to $7.09, with a midpoint of $6.96 slightly above the $6.94 analyst consensus. However, the company signalled that results are likely to land toward the lower end of the range.
This reflects higher spending on innovation and demand generation, alongside pressure from tariffs and commodity costs.
The group also maintained its outlook for organic sales growth, expecting performance to range from flat to up 4% for the full fiscal year.