Procter & Gamble(NYSE) PG

Procter & Gamble NYSE:PG makes products that people use every day to keep their homes and bodies clean. These items help families wash clothes, brush teeth, and care for babies. The company sells these essentials to shoppers in almost every country.

What Is in the Basket?

• Fabric & Home Care: Laundry detergents, fabric enhancers, and surface cleaners; accounts for 36% of net sales.
• Baby, Feminine & Family Care: Diapers, feminine hygiene items, and paper towels; represents 23% of net sales.
• Beauty: Hair care, skin care, and personal cleansing products; accounts for 19% of net sales.
• Health Care: Oral care products and personal health items like vitamins and supplements; represents 14% of net sales.
• Grooming: Shave care products and grooming appliances; accounts for 8% of net sales.

New Moves and Big Changes

• Announced a portfolio and productivity plan in June 2025 to streamline the organization and improve competitiveness.
• Completed the acquisition of Thorne, a premium wellness and supplement brand, on Oct. 1, 2026, for $3.9 billion.
• Initiated a restructuring plan to reduce non-manufacturing overhead personnel by up to 7,000 by the end of fiscal 2027.
• Incurred over half of its planned $2 billion in restructuring costs during fiscal 2026 to optimize supply chains and operations.

How the Company Competes

Procter & Gamble operates in approximately 65 countries and sells products in about 180 territories. The company uses a strategy of innovation-based pricing and manufacturing productivity to manage costs and maintain market share across various price tiers. Its distribution network spans from large retail chains and e-commerce platforms to high-frequency stores and pharmacies.

A Look at the Numbers

• Net sales reached $23.3 billion for the three months ended Sept. 30, 2026, up 4% year over year.
• Diluted net earnings per common share were $1.97 for the three months ended Sept. 30, 2026, up 1% year over year.
• Operating cash flow was $5.8 billion for the three months ended Sept. 30, 2026, up $359 million from the prior year period.
• Core earnings per share, which excludes certain restructuring charges, was $2.00 for the three months ended Sept. 30, 2026, up 1% year over year.

The Bottom Line

Procter & Gamble has transformed into a global leader in consumer goods by focusing on a portfolio of daily-use brands. Its current focus on productivity and organization streamlining aims to improve cost structures and competitiveness across 10 main product categories.