PG

EX-99.1

2 fy2627q1jas8-kexhibit991.htm

FY2627 Q1 JAS 8-K EXHIBIT 99.1

Document

News ReleaseThe Procter & Gamble Company

One P&G Plaza

Cincinnati, OH 45202

P&G ANNOUNCES FISCAL YEAR 2027 FIRST QUARTER RESULTS

Net Sales +4.0%; Organic Sales +4.0%

Diluted EPS $1.97, +1%; Core EPS $2.00, +1%

UPDATES NET SALES GUIDANCE FOR THORNE ACQUISITION

MAINTAINS FISCAL YEAR ORGANIC SALES, EPS GROWTH AND CASH RETURN GUIDANCE

CINCINNATI, October 22, 2026 - The Procter & Gamble Company (NYSE:PG) reported first quarter fiscal year 2027 net sales of $23.3 billion, an increase of four percent versus the prior year. Organic sales, which excludes the impacts of foreign exchange and acquisitions and divestitures, also increased four percent versus the prior year. Diluted net earnings per share were $1.97, an increase of one percent versus prior year as the increase in net sales was partially offset by an increase in operating costs. Core earnings per share were $2.00, an increase of one percent versus the prior year.

Operating cash flow was $5.8 billion, and net earnings were $4.8 billion for the quarter. Free cash flow productivity was 93%. Free cash flow productivity is calculated as operating cash flow less capital spending, as a percentage of net earnings. The Company returned $3.9 billion of cash to shareowners via $2.6 billion of dividend payments and $1.3 billion of share repurchases.

First Quarter ($ billions, except EPS)

GAAP

20272026 % Change

Non-GAAP*

20272026 % Change

Net Sales 23.322.44.0%Organic Salesn/an/a4.0%

Diluted EPS 1.971.951%Core EPS2.001.991%

*Please refer to Exhibit 1 - Non-GAAP Measures for the definition and reconciliation of these measures to the related GAAP measures.

“Our solid sales, earnings and cash results in the first quarter reflect sharpened execution of our integrated strategy” said Shailesh Jejurikar, Chairman of the Board, President and Chief Executive Officer. “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.”

July - September Quarter Discussion

Net sales in the first quarter of fiscal year 2027 were $23.3 billion, a four percent increase versus the prior year. Organic sales, which exclude the impacts of foreign exchange and acquisitions and divestitures, also increased four percent driven by a two percent increase from volume and a one percent increase from favorable mix. Pricing had a minor positive impact on sales for the quarter.

July - September 2026VolumeForeign ExchangePriceMix

A&D (2)

Net SalesOrganic VolumeOrganic Sales

Net Sales Drivers (1)

Beauty2.2%1.1%0.7%2.5%—%6.4%2.2%5.4%

Grooming(0.4)%(0.4)%3.5%1.5%(0.1)%4.0%(0.4)%4.5%

Health Care(2.9)%0.4%2.8%2.8%(0.1)%3.1%(2.9)%2.7%

Fabric & Home Care4.3%(0.6)%(0.3)%0.8%—%4.2%4.3%4.8%

Baby, Feminine & Family Care2.3%(0.1)%(1.2)%1.8%—%2.9%2.3%3.0%

Total P&G2.4%—%0.4%1.1%—%4.0%2.4%4.0%

(1)Net sales percentage changes are approximations based on quantitative formulas that are consistently applied.

(2)Acquisitions and Divestitures excluding volume impact.

•Beauty segment organic sales increased five percent versus 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 an increase in unit volume. Personal Care organic sales increased mid-single digits driven by volume growth in Greater China and Europe and favorable product mix, partially offset by trade investments. Skin Care organic sales increased mid-single digits due to favorable premium product mix and a unit volume increase in North America.

•Grooming segment organic sales increased five percent versus year ago driven by innovation-based pricing, primarily in North America and IMETA, and favorable product mix.

•Health Care segment organic sales increased three percent versus year ago. Oral Care organic sales increased low single digits driven by premium product mix and innovation-based pricing, partially offset by a unit volume decline. Personal Health Care organic sales increased low single digits due to higher pricing, primarily in North America and Latin America, and favorable product mix, partially offset by a unit volume decline.

•Fabric and Home Care segment organic sales increased five percent versus year ago. Fabric Care organic sales increased mid-single digits driven by volume increases in North America and Europe and favorable geographic mix. Home Care organic sales also increased mid-single digits driven by volume increases in North America and Europe and favorable product mix.

•Baby, Feminine and Family Care segment organic sales inc

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