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Procter & Gamble (PG) guidance and outlook
Procter & Gamble (PG) raised its guidance on Oct 22, 2026: EPS $6.62 for FY2027; EPS $6.89 for FY2027; Interest expense $150M for FY2027; Other income $50.0M for FY2027. Procter & Gamble's 10-K filed Aug 4, 2026 makes 21 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2027 | +30 bps to +50 bps | new |
| EPS | FY2027 | $6.62 | reaffirmed |
| EPS | FY2027 | $6.89 | reaffirmed |
| Interest expense | FY2027 | $150M | reaffirmed |
| Other income | FY2027 | $50.0M | reaffirmed |
| Tax rate | FY2027 | 20%–21% | raised |
| Free cash flow | FY2027 | +85% to +90% | new |
| Free cash flow | FY2027 | $10.0B | new |
From the earnings release filed Oct 22, 2026 (8-K on EDGAR).
Forward-looking statements, 10-K filed Aug 4, 2026
- As we observe changes in the markets in which we operate, we will adapt the execution of our core strategy.
- Beyond the short-term interventions, the Company expects the delivery of the following long-term growth algorithm will result in total shareholder returns in the top third of the competitive, fast-moving consumer goods peer group:
- While periods of significant macroeconomic pressures may cause short-term results to deviate from the long-term growth algorithm, we intend to maintain a disciplined approach to investing in our business.
- In June 2025, the Company announced a portfolio and productivity plan to streamline its portfolio and organization to improve its cost structure and invest in growth.
- The Company expects to incur approximately $1.5 to $2.0 billion in before-tax restructuring costs over a two-year period, including costs incurred as part of this plan and the ongoing plan.
- The Company incurred over half of the costs under this plan in fiscal 2026, with the remainder expected in fiscal 2027.
- We anticipate the transaction to close in the second quarter of fiscal year 2027, with the timing subject to regulatory approval and customary closing conditions.
- In June 2025, the Company announced a two-year portfolio and productivity plan to streamline its portfolio and organization to improve its cost structure and competitiveness.
- We anticipate being able to support our short-term liquidity and operating needs largely through cash generated from operations.
- Under current law, we do not expect restrictions or taxes on repatriation of cash held outside of the U.S. to have a material effect on our overall liquidity, financial condition or the results of operations for the foreseeable future.
- On June 30, 2026, our short-term credit ratings were P-1 (Moody's) and A-1+ (Standard & Poor's), while our long-term credit ratings were Aa3 (Moody's) and AA- (Standard & Poor's), all with a stable outlook.
- These facilities are currently undrawn and we anticipate that they will remain undrawn.
Procter & Gamble's latest quarter
Procter & Gamble, Q1 FY27: revenue $23.3B (+4% year over year), operating margin 25.5%, net earnings $4.7B, operating cash flow $5.8B. The chart follows the revenue to costs, profit and cash.
Questions
Did Procter & Gamble raise or lower its guidance?
Procter & Gamble (PG) raised its guidance on Oct 22, 2026: EPS $6.62 for FY2027; EPS $6.89 for FY2027; Interest expense $150M for FY2027; Other income $50.0M for FY2027.
What does Procter & Gamble expect?
As we observe changes in the markets in which we operate, we will adapt the execution of our core strategy. Beyond the short-term interventions, the Company expects the delivery of the following long-term growth algorithm will result in total shareholder returns in the top third of the competitive, fast-moving consumer goods peer group: While periods of significant macroeconomic pressures may cause short-term results to deviate from the long-term growth algorithm, we intend to maintain a disciplined approach to investing in our business.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.