Procter & Gamble beats Wall Street sales as revenue hits $23.3 billion

• Procter & Gamble reported fiscal first-quarter 2027 net sales of $23.3 billion, up 4% year over year, exceeding analysts' estimates of approximately $22.8 billion.
• Core earnings per share increased 1% to $2, beating analysts' estimates of approximately $1.89, while GAAP diluted EPS reached $1.97.
• P&G raised its fiscal 2027 reported sales growth forecast to 2%–4%, reflecting its Thorne acquisition, while maintaining core EPS guidance of $6.89–$7.11.

Procter & Gamble (NYSE:PG) reported fiscal first-quarter 2027 net sales of $23.3 billion, up 4%, supported by higher consumer product volumes.

Revenue increased from $22.4 billion a year earlier and exceeded analysts' estimates of approximately $22.8 billion, while organic sales grew 4%.

Core earnings per share reached $2, while diluted GAAP EPS increased to $1.97 and operating cash flow totaled $5.8 billion.

P&G raised its fiscal 2027 reported sales growth forecast to 2%–4%, while maintaining core EPS guidance of $6.89–$7.11.

Fabric and Home Care organic sales increased 5%, Beauty rose 5%, Grooming gained 5%, and Health Care and Baby, Feminine and Family Care each increased 3%.

P&G completed its Thorne acquisition on October 1 and returned $3.9 billion to shareholders through dividends and share repurchases during the quarter.