· Reports Q4 (Jun) earnings of $1.43 per share, excluding non-recurring items, $0.02 better than the FactSet Consensus of $1.41; revenues rose 1.5% year/year to $21.2 bln vs the $21.38 bln FactSet Consensus.
· Organic Sales 0%.
· Core gross margin for the quarter and currency-neutral Core gross margin were unchanged versus year ago.
· Co issues in-line guidance for FY27, sees EPS flat to up 3%, equating to EPS of $6.89-$7.10, excluding non-recurring items, vs. $7.02 FactSet Consensus; sees FY27 revs up 1-3%, equating to revenue of $87.9-$89.6 bln vs. $89.4 bln FactSet Consensus.
· Also expects organic sales growth in the range of one to three percent versus prior year. Included in this organic sales growth guidance is a headwind of 30 to 50 basis points from brand, product form and go-to-market discontinuations.
· P&G expects adjusted free cash flow productivity of 85% to 90% and expects to pay around $10 billion in dividends and to repurchase approximately $5 billion of common shares in fiscal year 2027.
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality.
On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box."
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