Procter & Gamble (P&G) is a global leader in the consumer goods industry, specializing in branded consumer packaged goods of superior quality and value. Operating in approximately 180 countries and territories, P&G organizes its business into five main segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care . The company focuses on delivering superior products across these categories, leveraging innovation, and maintaining strong relationships with retail partners to drive growth and value creation .
- Fabric & Home Care - Offers fabric care products like Tide and Ariel, and home care products such as Febreze and Swiffer, contributing significantly to the company's net sales and earnings .
- Baby, Feminine & Family Care - Provides products under brands like Pampers, Always, and Charmin, playing a crucial role in the company's overall sales and earnings .
- Beauty - Includes hair care and skin and personal care products with major brands like Head & Shoulders, Pantene, Olay, and SK-II .
- Health Care - Comprises oral care and personal health care products, featuring notable brands such as Crest, Oral-B, and Vicks .
- Grooming - Encompasses grooming appliances and blades and razors, with key brands including Gillette, Venus, and Braun .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jon R. Moeller ExecutiveBoard | Chairman of the Board, President, and CEO | Board Member at Alliance to End Plastic Waste, Business Roundtable, Consumer Goods Forum, Catalyst | Jon R. Moeller has been with P&G since 2009, serving in various leadership roles, including CEO since 2021. He has led significant strategic initiatives and achieved strong financial results. | |
Andre Schulten Executive | Chief Financial Officer | None | Andre Schulten has been with P&G for nearly 30 years, serving as CFO since 2021. He has played a key role in navigating challenging environments. | |
Balaji Purushothaman Executive | Chief Human Resources Officer | None | Balaji Purushothaman has been with P&G since 2023, overseeing human resources functions. | |
Ma. Fatima D. Francisco Executive | CEO - Baby, Feminine, and Family Care | None | Ma. Fatima D. Francisco has been with P&G since 2018, leading key business units such as Baby, Feminine, and Family Care. | |
Marc S. Pritchard Executive | Chief Brand Officer | None | Marc S. Pritchard has been with P&G since 2008, leading brand communications and marketing strategies. | |
R. Alexandra Keith Executive | CEO - Beauty | None | R. Alexandra Keith has been with P&G for over five years, serving as CEO of Beauty and Executive Sponsor for Corporate Sustainability. | |
Shailesh Jejurikar Executive | Chief Operating Officer | None | Shailesh Jejurikar has been with P&G since 2018, serving as COO. He previously led the Fabric and Home Care division. | |
Sundar Raman Executive | CEO - Fabric and Home Care | None | Sundar Raman has been with P&G since 2021, leading innovations in Fabric and Home Care, including significant product launches. | |
Susan Street Whaley Executive | Chief Legal Officer and Secretary | None | Susan Street Whaley has been with P&G since 2022, leading legal and compliance functions. | |
Victor Aguilar Executive | Chief Research, Development, and Innovation Officer | None | Victor Aguilar has been with P&G since 2020, driving innovation and research efforts across the company's brands. | |
Amy L. Chang Board | Director | Director at Adobe, Inc., YUM! Brands, Inc. | Amy L. Chang has been a Director at P&G since 2017, with expertise in technology and innovation. | |
Ashley McEvoy Board | Director | None | Ashley McEvoy joined the P&G Board in 2023, with leadership experience from Johnson & Johnson. | |
B. Marc Allen Board | Director | Chief Strategy Officer at The Boeing Company, Aspen Institute Henry Crown Fellow, Council on Foreign Relations | B. Marc Allen joined the P&G Board in 2022, bringing expertise in global operations and strategy. | |
Brett Biggs Board | Director | Senior Advisor at Blackstone, Director at Adobe, Inc., YUM! Brands, Inc. | Brett Biggs joined the P&G Board in 2023, with extensive financial expertise from his tenure at Walmart. | |
Christine M. McCarthy Board | Director | Board of Trustees of the Carnegie Institution for Science | Christine M. McCarthy joined the P&G Board in 2019, with a background in finance from her role as CFO at Disney. | |
Christopher Kempczinski Board | Director | Chairman, President, and CEO of McDonald's Corporation | Christopher Kempczinski has been a Director at P&G since 2021, contributing insights from his leadership at McDonald's. | |
Debra L. Lee Board | Director | Chair of Leading Women Defined Foundation, Director at Warner Bros. Discovery, Marriott International, Inc. | Debra L. Lee has been a Director at P&G since 2020, bringing leadership experience from BET Networks and other boards. | |
Joseph Jimenez Board | Director | Director at General Motors Company, Graphite Bio, Inc., Century Therapeutics, Inc. | Joseph Jimenez has been an Independent Director at P&G since 2018, bringing expertise in healthcare and consumer industries. | |
Patricia A. Woertz Board | Director | Board Member at Northwestern Memorial HealthCare, Senior Advisor to Tanium | Patricia A. Woertz has been a Director at P&G since 2008, with leadership experience from ADM and Chevron. | |
Rajesh Subramaniam Board | Director | President and CEO of FedEx Corporation, Board Member of U.S.-India Strategic Partnership Forum | Rajesh Subramaniam joined the P&G Board in 2022, bringing expertise in global operations and marketing from his role at FedEx. | |
Robert J. Portman Board | Director | Distinguished Visiting Fellow at the American Enterprise Institute, Founder of the Portman Center for Policy Solutions | Robert J. Portman joined the P&G Board in 2023, with extensive experience in public service and policy-making. | |
Sheila Bonini Board | Director | Board Member at The Sustainability Consortium, High Meadows Institute | Sheila Bonini joined the P&G Board in 2023, with a strong background in sustainability and leadership roles at WWF. | |
Terry J. Lundgren Board | Director | Former Operating Partner at Long-Term Private Capital, Former CEO of Macy's, Inc. | Terry J. Lundgren has been a Director at P&G since 2013, with extensive experience in retail and corporate governance. |
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With the Baby Care segment experiencing sustained pressure over multiple quarters, partly due to declining birth rates in key markets like China and the U.S., how do you plan to drive growth in this segment, and can you elaborate on the specific innovations and strategies that will counteract these demographic challenges?
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Given the significant decline in organic sales in Greater China by 15%, particularly impacting the SK-II brand in the Beauty segment, what concrete steps are you taking to stabilize and revive performance in this critical market, and how confident are you in the timelines for returning to growth?
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As pricing becomes less of a tailwind and you anticipate lower market growth rates in the U.S. from 5%-6% down to 3%-4%, how will you sustain market share gains and drive category growth in a moderating pricing environment, especially when faced with increasing competition and changing consumer behaviors?
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The Family Care business has benefited from innovation in substrate and roll sizes, but with 11 consecutive quarters of growth, how sustainable are these growth rates going forward, especially as pricing benefits wane, and what are you doing to ensure continued category growth and market share gains?
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Despite stating that the promotional environment and private label competition remain stable, are you concerned about potential shifts in consumer behavior towards trading down or increased promotional pressures in the face of economic uncertainty, and how are you preparing to address these risks to protect your margins and market share?
Research analysts who have asked questions during PROCTER & GAMBLE earnings calls.
Andrea Teixeira
JPMorgan Chase & Co.
6 questions for PG
Dara Mohsenian
Morgan Stanley
6 questions for PG
Filippo Falorni
Citigroup Inc.
6 questions for PG
Kaumil Gajrawala
Jefferies
6 questions for PG
Lauren Lieberman
Barclays
6 questions for PG
Christopher Carey
Wells Fargo & Company
4 questions for PG
Kevin Grundy
BNP Paribas
4 questions for PG
Nik Modi
RBC Capital Markets
4 questions for PG
Peter Grom
UBS Group
4 questions for PG
Robert Moskow
TD Cowen
4 questions for PG
Robert Ottenstein
Evercore ISI
4 questions for PG
Bonnie Herzog
Goldman Sachs
3 questions for PG
Bryan Spillane
Bank of America
3 questions for PG
Mark Astrachan
Stifel
3 questions for PG
Olivia Tong
Raymond James Financial, Inc.
3 questions for PG
Olivia Tong Cheang
Raymond James Financial, Inc.
3 questions for PG
Peter Galbo
Bank of America
3 questions for PG
Stephen Robert Powers
Deutsche Bank
3 questions for PG
Steve Powers
Deutsche Bank
3 questions for PG
Chris Carey
Wells Fargo Securities
2 questions for PG
Korinne Wolfmeyer
Piper Sandler & Co.
2 questions for PG
Linda Bolton-Weiser
D.A. Davidson & Co.
2 questions for PG
Peter Graham
UBS
2 questions for PG
Rob Ottenstein
Evercore
2 questions for PG
Edward Lewis
Redburn Atlantic
1 question for PG
Rob Moskow
TD Cowen
1 question for PG
Victor
TD Cowen
1 question for PG
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Walmart Inc. and its affiliates | Retail distribution | All | Represents 16% of net sales in 2024 , and 15% in 2023 and 2022. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Beauty acquisition | 2023 | Procter & Gamble's Beauty acquisition in 2023 was strategically aimed at expanding its Beauty segment, contributing to an increase in goodwill and a 1% boost in net sales during fiscal 2023, though specific deal value or asset details were not disclosed. |
Recent press releases and 8-K filings for PG.
- Organic sales grew 2%, with volume flat as pricing and mix each contributed one point to growth.
- Core EPS was $1.99, up 3% year-over-year (currency-neutral core EPS +3%).
- Total productivity savings of 230 bps offset a 50 bps contraction in core gross margin; core operating margin was flat.
- Beauty segment delivered +6% organic sales and +5% net earnings; Grooming saw +3% organic sales and +9% net earnings (constant currency).
- Global aggregate value share declined 30 bps, with 24 of the top 50 category/country combinations holding or growing share.
- Delivered 2% organic sales growth in Q1, with volume flat and pricing/mix each contributing 1%; marks 40th consecutive quarter of organic growth.
- Broad-based performance: 8 of 10 categories grew or held organic sales; Greater China +5%, Latin America +7%; global market share down 30 bps; core EPS of $1.99, up 3%.
- Generated strong cash flow: 102% free cash flow productivity and returned $3.8 billion to shareholders via $2.55 billion in dividends and $1.25 billion in share repurchases.
- Maintained FY 2026 guidance for organic sales growth of in-line to +4% and core EPS of $6.83–$7.09; Q2 expected to be the softest quarter with stronger growth in the back half; guidance reflects $500 million in tariffs and a 30–50 bps restructuring headwind.
- Organic sales grew 2%, driven by pricing and mix up 1% each and flat volume, marking the 40th consecutive quarter of organic growth and on track for the 10th consecutive year of core EPS growth.
- Core EPS of $1.99, up 3% versus prior year; core gross margin down 50 bps and core operating margin flat year-over-year.
- Returned $3.8 billion of cash to shareholders in Q1—$2.55 billion in dividends and $1.25 billion in share repurchases—and maintained FY2026 guidance for organic sales growth in line to +4% and core EPS of $6.83–$7.09.
- Announced restructuring to fund superiority investments, targeting up to $1.5 billion in cost-of-goods-sold savings and reducing up to 7,000 non-manufacturing roles (≈15% of workforce) over fiscal 2026–2027.
- Rolled out major innovations including Tide’s largest liquid upgrade in 20 years, expansion of Tide Evo, comprehensive Pampers enhancements, and new premium body wash launches in China contributing to 8% skin & personal care growth.
- Q1 FY 2026 organic sales grew 2% driven by pricing (+1 point) and mix (+1 point) with flat volume; core EPS was $1.99, up 3%, with currency-neutral core EPS also up 3%.
- Fabric & Home Care saw flat organic sales, –2% volume and –3% net earnings; Baby, Feminine & Family Care delivered flat organic sales and +4% net earnings.
- Adjusted free cash flow productivity reached 102% for the quarter.
- FY 2026 guidance: organic sales growth 0–4%, core EPS growth 0–4%, and all-in EPS growth 3–9%.
- Procter & Gamble delivered 2% organic sales growth (volume flat; pricing and mix each +1%) and core EPS of $1.99, up 3% year-over-year.
- Returned $3.8 bn of cash to shareowners in Q1: €2.55 bn in dividends and €1.25 bn in share repurchases; adjusted free cash flow productivity was 102%.
- Maintained full-year guidance for organic sales growth in line to +4% and core EPS growth in line to +4% (DKK 6.83–7.90 per share).
- Initiated a restructuring to reduce up to 7,000 non-manufacturing roles (≈15% of non-manufacturing workforce) over FY26–27 to fund innovation and expand productivity programs.
- Organic sales +2%, volume flat, pricing and mix each +1%; core EPS $1.99 (+3%) and adjusted free cash flow productivity 102%; returned $3.8 billion to shareholders (dividends $2.55 billion, repurchases $1.25 billion).
- Growth was broad-based: skin & personal care up high single digits, hair care/grooming/personal health care/home care/baby care up low singles; North America +1%, Europe flat, Greater China +5%, Latin America +7%.
- Maintained FY 2026 guidance: organic sales in-line to +4%, core EPS $6.83–7.09 (+1–4% at midpoint), including a 30–50 bps headwind from restructuring, $100 million commodity headwind, $300 million FX tailwind, and $500 million tariffs impact.
- Advancing restructuring to fund innovation: up to 7,000 non-manufacturing roles to be cut, target $1.5 billion COGS savings, portfolio exits, and supply chain upgrades; major product initiatives include Tide liquid upgrade, Tide Evo, and Pampers enhancements.
- P&G reported fiscal Q1 FY2026 net sales of $22.4 billion (+3%) and organic sales growth of 2%, with diluted EPS of $1.95 (+21%) and core EPS of $1.99 (+3%).
- The company maintained its FY2026 guidance, targeting 1–5% all-in sales growth, in-line to +4% organic sales, 3–9% diluted EPS growth (implied $6.83–$7.09, midpoint $6.96) and in-line to +4% core EPS growth.
- In Q1, P&G returned $3.8 billion to shareholders via $2.55 billion in dividends and $1.25 billion in share repurchases, and plans ~$10 billion in dividends and ~$5 billion in buybacks for FY2026.
- P&G reported Q1 FY 2026 net sales of $22.4 billion, up 3%, with organic sales +2% year over year.
- Diluted EPS was $1.95, a 21% increase, and core EPS was $1.99, up 3% versus the prior year.
- Operating cash flow reached $5.4 billion, with net earnings of $4.8 billion; the company returned $3.8 billion to shareholders via dividends and share repurchases.
- P&G maintained its FY 26 guidance, including all-in sales growth of 1–5%, organic sales growth in-line to 4%, diluted EPS of $6.83–$7.09, and core EPS growth in-line to 4%.
- Shareholders re-elected 14 directors, ratified Deloitte & Touche as auditor, approved the advisory vote on executive compensation and the 2025 Stock and Incentive Compensation Plan, and rejected the shareholder proposal on flexible plastic packaging.
- Jon R. Moeller will transition to Executive Chairman and Shailesh G. Jejurikar will assume the role of President and Chief Executive Officer effective January 1, 2026.
- The Board declared a quarterly dividend of $1.0568 per share, payable November 17, 2025, to shareholders of record as of October 24, 2025—marking P&G’s 135th consecutive year of dividend payments and 69th consecutive increase.
- Sustainability achievements include zero manufacturing waste to landfill since 2020, a 60% reduction in manufacturing greenhouse gas emissions since 2010, 80% of packaging designed to be recyclable or reusable, and a 21% reduction in virgin plastic use since 2017.
- Riccardo Bellini will succeed Jacopo Venturini as CEO of Valentino on September 1, 2025.
- Bellini joins from Mayhoola, where he was managing director, and previously led Maison Margiela, Chloé, Diesel, and P&G’s Beauty & Prestige division.
- In 2024, Valentino’s sales fell 4% and EBITDA plunged 22%, with declines accelerating through 2025.
- French luxury group Kering (30% owner) is reevaluating plans to acquire full control of Valentino amid its own financial challenges.