The Procter & Gamble Company
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The Procter & Gamble Company (PG) investor relations material

The Procter & Gamble Company Consumer Analyst Group of New York Conference (CAGNY) 2026 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Consumer Analyst Group of New York Conference (CAGNY) 2026 summary19 Feb, 2026

Conference recognition and opening

  • CAGNY conference highlighted as an all-volunteer effort, with special recognition for past and current leadership.

  • Steve Strycula acknowledged for exceptional contributions as current president.

Business results and financial performance

  • Organic sales growth for 1H FY26 was 1%, with category performance ranging from +6% in Skin & Personal Care to -5% in Family Care.

  • Core EPS growth slowed to 2% in 1H FY26, following several years of double-digit growth.

  • FY26 guidance projects organic sales and core EPS growth between 0% and 4%, with adjusted free cash flow productivity targeted at 85% to 90%.

  • Global market share held steady in most top categories, with 25 out of 50 category/country combinations growing or holding value share in FYTD '26.

  • Guidance for organic sales, core EPS, and adjusted free cash flow maintained for fiscal 2026.

Recent performance and market context

  • Fiscal 2026 first half impacted by U.S. headwinds, but most regions outside the U.S. showed growth or acceleration.

  • Organic sales in focus markets were flat, while enterprise markets grew 3% year-to-date; global market growth was around 2%.

  • Eight of ten categories grew or held organic sales, with sequential improvement expected in the second half of fiscal 2026.

Explain the 0% 1H FY'26 Focus organic sales
How does productivity offset external landscape changes?
Quantify AI's impact on innovation speed and success
AI's impact on P&G's market leadership
How will US interventions grow the total market?
How does org change improve external focus?
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Q3 202624 Apr, 2026
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