The Procter & Gamble Company (NYSE:PG) reported a robust rise in third-quarter sales and earnings, underpinned by steady consumer demand and a strategic portfolio adjustment that provided a significant boost to the bottom line.
The Cincinnati-based consumer goods giant posted net sales of $21.2 billion for the third quarter of fiscal year 2026, representing a 7% increase over the previous year.
Organic sales, which strip out the volatility of foreign exchange, acquisitions, and divestitures, grew by 3%.
The performance reflects P&G’s continued ability to maintain volume and pricing power across its core categories, including fabric care, grooming, and health care.
Diluted net earnings per share (EPS) rose 6% to $1.63.
This growth was primarily driven by a one-time gain resulting from the dissolution of the Glad joint venture business.
On a core basis, which excludes that gain and other non-recurring items, EPS reached $1.59, a 3% improvement year-over-year.
The company’s net earnings for the quarter totaled $4 billion.
P&G continues to demonstrate exceptional cash generation and shareholder commitment.
Operating cash flow for the quarter was $4 billion, with an adjusted free cash flow productivity of 82%.
During the period, the company returned $3.2 billion to investors, consisting of $2.5 billion in dividend payments and more than $600 million in share repurchases.
Earlier this month, the company announced a dividend increase that marked a historic 70th consecutive year of annual payout growth.
P&G has now paid a dividend for 136 consecutive years since its incorporation in 1890, maintaining one of the longest-standing records of capital return in the S&P 500.