Procter & Gamble Co. (PG): An OSG miss in FQ4, but EPS beat on lower tax rate - FY27 guide indicates a tale of two halves with pressured 1HEPS

Research evidence excerpt

Procter & Gamble Co. (PG): An OSG miss in FQ4, but EPS beat on lower tax rate - FY27 guide indicates a tale of two halves with pressured 1HEPS

Goldman Sachs Procter & Gamble Co. (PG)

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We, Bonnie Herzog, Ankit Prasad, Ethan Huntley, Nicholas Vidger and Shanika Paul, hereby certify that all of the views expressed in this report

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Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Goldman Sachs’ Global Investment Research division.

Contributing Authors: Bonnie Herzog Goldman Sachs & Co. LLC, Ankit Prasad Goldman Sachs India SPL, Ethan Huntley Goldman Sachs & Co. LLC,

Nicholas Vidger Goldman Sachs & Co. LLC, Shanika Paul Goldman Sachs & Co. LLC.

Unless otherwise stated, the individuals listed in the Contributing Authors disclosure of this report are analysts in Goldman Sachs’ Global Investment

Research division.

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