P&G reports Q1 adjusted core EPS of $2.00 vs. $1.88 estimate
PG•P&G reported Q1 net sales of $23.28 billion and adjusted core EPS of $2.00, above estimates of $22.80 billion and $1.88. It maintained fiscal-year organic sales, EPS growth and cash return guidance, while expecting about $1.4 billion in after-tax commodity cost headwinds.
1. Quarterly results and outlook
P&G reported Q1 net sales of $23.28 billion, versus an estimate of $22.80 billion, and adjusted core EPS of $2.00, versus an estimate of $1.88. Core operating margin was 25.9%. The company maintained its fiscal-year organic sales, EPS growth and cash return guidance, and forecast all-in sales growth of 2% to 4% for fiscal 2027. P&G expects an after-tax commodity cost headwind of about $1.4 billion for the fiscal year and sees about $2 billion in before-tax restructuring costs over two years.
