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CLAIM #49299 · Procter & Gamble Company (PG) · 2026Q2 earnings call · Jan 22, 2026 · due Jun 30, 2028

But we don't think it requires another wave of significant restructuring beyond what we typically have as part of our core earnings.

Andre Schulten · CFO

PENDING
graded after results covering Jun 30, 2028 are reported

How to check this claim

Look at: Restructuring charges reported as part of core (non-GAAP) earnings adjustments, versus the scale of the two-year program announced in June

It came true if: No new restructuring program announced with charges materially exceeding the run-rate/scope of the announced two-year program (i.e., no incremental large-scale restructuring charge outside normal core-earnings restructuring costs)

Where: Company 10-K/10-Q footnotes on restructuring charges and management commentary on earnings calls

In context

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. There's always an opportunity under a new CEO to refocus the organization and tweak areas of emphasis Obviously, there's broad changes in the retail environment, as you mentioned, AI technology, consumer landscape, etcetera, etcetera. And, also, we're coming off a very

Verify independently

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