PG changes
Pick any two versions below to diff them.
- Price
- $143.00 → $146.23(+2.3%)
- Next earnings
- Oct 21, 2026 → Oct 22, 2026
- Thesis
- Procter & Gamble grows sales removed: mostly added: mainly through higher prices, not removed: through selling more removed: units. In fiscal 2026, organic sales growth came almost entirely from price and mix, while volume did not grow. added: units sold. Investors worry that shoppers will keep removed: trading down added: switching to store brands as prices removed: rise further. added: keep rising. The company is also removed: running a two-year plan to cut added: cutting 7,000 jobs and removed: drop weaker brands, and this added: dropping weak brands over a two-year plan. This plan adds one-time costs that removed: lower reported added: hide today's true earnings removed: today. Once added: power. For the removed: restructuring ends and added: gap to close, unit volume must stop falling while these one-time costs removed: stop, added: end. Price increases must also keep working without pushing more shoppers toward store brands. The board named CEO Shailesh Jejurikar as chairman too, giving him full control over the turnaround. The next test comes at fiscal first-quarter earnings removed: should better reflect added: on October 22, 2026. The restructuring plan itself runs through mid-2027. If volume recovers and the removed: strength of P&G's leading brands. added: extra costs end on schedule, the gap could close within a few quarters. If store-brand switching keeps growing, the discount could last into 2027.
- Recent events
- Jul 29, 2026: P&G reported fiscal 2026 results. Full-year organic sales grew 1%, and full-year core earnings per share was $6.89. added: Jul 29, 2026: P&G's board named CEO Shailesh Jejurikar as Chairman, effective August 1, 2026. He succeeds Jon Moeller, who retired from the board on July 31, 2026, and from the company on August 14, 2026. Jun 5, 2025: P&G announced a two-year restructuring plan to cut about 7,000 non-manufacturing jobs, roughly 6% of its workforce, and to prune weaker brands and categories.