Procter & Gamble (P&G) reported its second-quarter fiscal year 2026 financial results. 

Net sales were $22.2 billion, a 1% increase from the prior year. Organic sales, excluding the impacts of foreign exchange and acquisitions and divestitures, were unchanged versus the prior year. 

Shailesh Jejurikar, President and Chief Executive Officer, said,

“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. 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.”

Category Results

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 a favorable premium product mix and pricing, primarily in Greater China, partially offset by volume declines.

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

Looking Ahead

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, acquisitions, and divestitures are expected to be a tailwind of approximately 1% 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.