Happi Top 50 Company Procter & Gamble reported second quarter fiscal year 2026 net sales of $22.2 billion, an increase of 1% versus the prior year.

Organic sales, which excludes the impacts of foreign exchange and acquisitions and divestitures, were unchanged versus the prior year. Diluted net earnings per share were $1.78, a decrease of 5% versus the prior year, due primarily to incremental restructuring charges in the current year. Core earnings per share were $1.88, in-line versus the prior year.

“Our results in the second quarter keep us on track to deliver within our fiscal year guidance ranges for organic sales growth, core EPS growth and adjusted free cash flow productivity in a challenging consumer and geopolitical environment,” said Shailesh Jejurikar, president and CEO. “We have confidence in our plans to deliver stronger results in the second half of the fiscal year. We remain committed to our integrated growth strategy and are excited by the opportunity ahead to reinvent P&G and create the CPG company of the future, delivering long-term balanced top- and bottom-line growth and value creation.”

Beauty

Beauty segment organic sales increased 4% versus a year ago. Hair Care organic sales increased mid-single digits driven by volume increases and innovation-driven pricing in Latin America and Europe, partially offset by unfavorable geographic mix. Personal care organic sales increased mid-single digits due to innovation-driven volume growth and pricing in North America, partially offset by negative impacts from geographic mix. Skin care organic sales increased low single digits due to favorable premium product mix and pricing, primarily in Greater China, partially offset by volume declines.

Grooming

Grooming segment organic sales were unchanged versus year ago as innovation-driven pricing, primarily in North America and Europe, was offset by volume declines.

Fabric Care

Fabric and Home Care segment organic sales were unchanged versus year ago. Fabric Care organic sales were unchanged as an increase in volume in North America and Latin America was offset by a volume decrease in Europe and unfavorable product mix. Home Care organic sales increased low single digits driven by higher pricing, primarily in North America, partially offset by volume declines.

Feminine Care

Feminine Care organic sales decreased low single digits due to a decline in volume, partially offset by innovation-driven pricing, primarily in North America, and favorable product mix.

Health Care

Health Care segment organic sales increased three percent versus year ago. Oral Care organic sales increased low single digits due to favorable premium product mix, partially offset by volume declines and merchandising investments. Personal Health Care organic sales also increased low single digits due to higher pricing, primarily in North America, partially offset by unfavorable product mix.

Fiscal Year 2026 Guidance

P&G maintained its guidance range for fiscal 2026 all-in sales growth to be in the range of 1 to 5% versus the prior year. The net impacts of foreign exchange rates and acquisitions and divestitures are expected to be a tailwind of approximately one percentage point to all-in sales growth. The company also maintained its outlook for organic sales growth in the range of in-line to up 4% versus the prior year.