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

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.