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1/23/2025

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

A round blue circle with white letters that say "P&G."

Today P&G reported results for the second quarter of fiscal 2025. Execution of our integrated strategy delivered accelerating organic sales growth, solid Core EPS growth and cash return to shareowners — keeping us on-track to deliver within our fiscal year guidance ranges.

Read our press release.

Three blue and yellow circles represent various financial data points for the second quarter of fiscal year 2025.

“The P&G team delivered an acceleration in organic sales growth, core EPS growth and strong cash return to shareowners in the second quarter,” said Jon Moeller, Chairman of the Board, President and Chief Executive Officer. “Our first-half results keep us on track to deliver within our guidance ranges on all key financial metrics for the fiscal year. 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. This strategy has enabled our solid results and is a foundation for balanced growth and value creation.”

P&G organic sales numbers outlined in blue and white text. They are accompanied by an image of various Procter and Gamble consumer products.

For the quarter:

  • Organic sales up 3% (volume +2%, mix +1%, pricing neutral)
  • Growth was broad based across categories with 9 of 10 product categories growing organic sales for the quarter.
  • Organic sales in Focus markets grew 4%, and Enterprise markets were in-line with prior year.
  • Core earnings per share were up 2% versus the prior year. On a currency neutral basis, core EPS increased 3%.
  • Adjusted free cash flow productivity was 84%.

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

Five blue and yellow circles with various illustrated logos. Blue, white and yellow text outlines the company’s growth strategy. The round blue Procter and Gamble logo is in the top left corner.

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.

See https://www.pginvestor.com/event for Q2 FY25 earnings release issued January 22, 2025, the associated webcast presentation, definitions of non-GAAP measures and reconciliation to the most closely related GAAP measure, as well as cautionary information on forward-looking statements, which are based on current assumptions and subject to risks and uncertainties that may cause actual results to differ materially.

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