02:54 PM EDT, 10/23/2025 (MT Newswires) -- Procter & Gamble ( PG ) is poised to reiterate its 2026 top and bottom line guidance during its fiscal Q1 earnings, with the company expected to be "more comfortable at the low to midpoint of ranges" on an uncertain macro environment, RBC said in a Thursday note.

The company has previously guided core earnings per share growth of flat to 4% driven by 0% to 4% organic sales growth and a 1% to 5% rise in net sales for fiscal 2026.

For fiscal Q1, RBC expected organic sales growth of 1.4%, which given P&G's reporting style, will be rounded down to 1%, and said it was "slightly below" on the bottom line but believed that the company could meet the consensus bar.

On the tariff front, RBC said that the environment is still dynamic with the company having called out a $1 billion impact, which stands at about $700 to $750 million today. RBC added that the biggest change for the company was the reciprocal tariffs in Canadian currency, which P&G planned to price but recently rescinded the pricing.

Procter & Gamble ( PG ) is expected to post its fiscal Q1 results on Friday before the opening bell.

RBC rates P&G as outperform with a $177 price target.

Price: 151.94, Change: -0.26, Percent Change: -0.17