Morgan Stanley on Procter & Gamble (PG): 'Muted Negative Stock Reaction'

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P&G Announces Fiscal Year 2026 Second Quarter Results

January 22, 2026 7:00 AM EST

Net Sales +1%; Organic Sales 0%

Diluted EPS $1.78, -5%; Core EPS $1.88, 0%

UPDATES GAAP EPS FOR RESTRUCTURING OUTLOOK

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

CINCINNATI--(BUSINESS WIRE)-- The Procter & Gamble Company (NYSE: PG) reported second quarter fiscal year 2026 net sales of $22.2 billion, an increase of one percent versus the prior year. Organic sales, which excludes the impacts of foreign exchange and acquisitions and divestitures, were unchanged versus the prior year. Diluted net... More