Procter & Gamble (P&G) announced on Tuesday that its projected annual performance is expected to fall below expectations and that it will be increasing the prices of about a quarter of its products in the United States by a mid-single-digit percentage starting this month.
According to data compiled by the London Stock Exchange Group (LSEG), P&G forecasts a net sales growth for the 2026 fiscal year between 1% to 5%, which is lower than analysts’ estimated growth of 3.09%.
On Monday, P&G appointed internal candidate Shailesh Jejurikar as the CEO to address the impact of tariffs. The company estimates that tariffs have cost them approximately $1 billion in expenses.
P&G reported better-than-expected performance in the fourth quarter (April to June). Within the three months ending on June 30, the company’s revenue rose to $20.89 billion, exceeding the analysts’ prediction of $20.82 billion. Its core earnings per share of $1.48 also surpassed expectations.
P&G’s stock price saw a slight increase in early trading on Tuesday. The company expects its core earnings per share for the 2026 fiscal year to range between $6.83 and $7.09, with the forecast at $6.99.
P&G stated on Tuesday that it plans to streamline its feminine care pad products in several Asian markets over the next two years. P&G’s Chief Financial Officer, Andre Schulten, mentioned that the company is also striving to achieve growth in categories where it has lost ground, such as Luvs value diapers and Olay skincare products.
The company has also outlined a restructuring plan, which includes cutting approximately 7,000 jobs to increase productivity. P&G, headquartered in Cincinnati, will expand its scope of work while reducing the size of its teams.
(This article references reports from Reuters)