P&G Announces Results for the First Quarter of Fiscal Year 2025

“Our organic sales growth, earnings and cash results in the first quarter keep us on track to deliver within our guidance ranges on all key financial metrics for the fiscal year,” said Jon Moeller, Chairman of the Board, President and Chief Executive Officer. “We remain committed to our integrated growth strategy of a focused product portfolio of daily use categories where performance drives brand choice, superiority — across product performance, packaging, brand communication, retail execution and consumer and customer value — productivity, constructive disruption and an agile and accountable organization. We have confidence this remains the right strategy to deliver balanced growth and value creation.”

For the quarter:

• Organic sales grew 2%, comparing against a strong base period of 7% growth. Eight of 10 product categories grew or held organic sales for the quarter.
• Focus markets grew 2%, with North America up 4% and Europe Focus markets up 3%. Enterprise markets were up 1%.
• 28 of our top 50 category/country combinations held or grew share for the quarter. Core earnings per share were up 5% versus the prior year. On a currency neutral basis, core EPS increased 4%.
• Adjusted free cash flow productivity was 82%.

In summary, good performance in what continues to be a challenging economic and geopolitical environment.

We remain committed to the integrated growth strategy that has enabled strong results over the past 6 years, and that is the foundation for balanced growth and value creation.

• A focused portfolio of products in daily use categories where performance drives brand choice.
• Irresistible superiority across the five vectors of product, package, brand communication, retail execution and value — to delight consumers and grow markets.
• Productivity improvement in all areas of our operations to fund investments in innovation, brand building and market growth, to mitigate cost and currency challenges, and to expand margins and generate cash.
• Constructive disruption of ourselves and our industry — a willingness to change, adapt and create new trends, technologies and capabilities that will shape the future of our industry.
• An empowered, agile and accountable organization that is inclusive and diverse — enabling us to better serve an increasingly diverse set of consumers.
• Strengthening this strategy through four areas of focus — supply chain, environmental sustainability, digital acumen and a superior employee value equation.

For a deeper dive into the results announced today, read our press release. Slides and the webcast replay of earnings results are available at www.pginvestor.com/event.