Raises Outlook for the Full 2020 Fiscal Year
P&G released results today for the second quarter of our 2020 fiscal year. Our focused strategies continue to drive growth, with organic sales growth of 5%, margin expansion, and core earnings per share (EPS) of $1.42, up 14%. P&G grew organic sales in 9 of our 10 global categories in the second quarter.
“We delivered another strong quarter of organic sales growth, core earnings per share and cash returned to shareowners,” said David Taylor, Chairman, President and Chief Executive Officer. “Our strong first half results enable us to further increase our outlook for the full fiscal year across each of these metrics and to increase our commitment of cash return to shareowners. Our focus remains on executing our strategies of superiority, productivity, constructive disruption and improving P&G’s organization and culture to deliver balanced top-line and bottom-line growth along with strong cash generation in a challenging competitive and macroeconomic environment.”