Consumer Staples
Sales growth and cash productivity answer different questions — PG
Sales growth is measured against a prior revenue base; free-cash-flow productivity uses net earnings as its denominator.
Sales growth is measured against a prior revenue base; free-cash-flow productivity uses net earnings as its denominator. The cash measure is sensitive to collection and payment timing. Core EPS also removes specified expenses and should remain distinct from the reported per-share result. Reporting context P&G reports household, personal-care and related consumer products. The selected September-quarter results include reported sales, earnings and cash flow alongside clearly marked core EPS. Most recent quarterly earnings results located in official disclosures at the review cutoff. How to read the figures The selected results are for Q1 FY2027, ended 2026-09-30. Results were released on 2026-10-22 and the source was reviewed on 2026-11-15. Retain each row’s unit, accounting basis and precision note when making comparisons. Analytical boundary This note identifies relationships and questions in the disclosure. It does not establish a cause from one aggregate ratio or predict a security’s future performance. Consult the linked statement and reconciliation for the company’s own definitions.