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CLAIM #49298 · Procter & Gamble Company (PG) · 2026Q2 earnings call · Jan 22, 2026 · due Jun 30, 2028

From there on out, if this works the way we want to, it will basically allow us to grow without incremental investments in organization or people.

Andre Schulten · CFO

PENDING
graded after results covering Jun 30, 2028 are reported

How to check this claim

Look at: Sales per employee (revenue divided by headcount, or as management discloses productivity metric)

It came true if: Sales per employee grows disproportionately faster than headcount growth from FY2026 baseline through FY2028, i.e., revenue growth rate exceeds headcount growth rate over the period

Where: Company 10-K headcount disclosures and income statement revenue figures; management commentary on productivity/algorithm on earnings calls

In context

ment in scaling, but the underlying technology, the underlying data, that heavy investment is already done. So in that sense, I don't expect major capital or expense investments. On the supply chain side, you see us build capacity. And as we build capacity, that capacity is built in a way that it leverages automation. Digitization, both on the manufacturing side and on the warehouse side, So the elevated investment level in terms of capital is really related to building capacity building capacity in a different way, but not fundamentally more expensive So I don't expect, again, on the capital side, a significant shift. The restructuring we have announced in June, the two-year program, I think, will take us through the majority of the org changes and portfolio changes that we need to make. From there on out, if this works the way we want to, it will basically allow us to grow without incremental investments in organization or people. If you think about it, the objective is to grow productivity sales per head disproportionately once these capabilities are implemented. But we don't think it requires another wave of significant restructuring beyond what we typically have as part of our core earnings. So I wouldn't look at a cliff of investment that comes with this. The second part of your question on return to algorithm, I would say let us get through the next two quarters. And focus on acceleration. And then we'll talk about where we see the next year and how close algorithm we come once we have that reality under our belt. Operator: The next question will come from Dara Mohsenian of Morgan Stanley. Please go ahead. Dara Mohsenian: Hey. Good morning. So, Shailesh, I just want to dial down a bit more into The US market.

Verify independently

SEC filings for PG · Claim quote is verbatim from the 2026Q2 earnings call.