Corporate Participants
- Jon Moeller – Chairman & Chief Executive Officer
- Andre Schulten – Chief Financial Officer
- John Chevalier – Senior Vice President, Investor Relations
Prepared Remarks
John Chevalier: Good morning, and welcome to Procter & Gamble fiscal second quarter 2026 earnings call. Joining me are Jon Moeller, Chairman and CEO, and Andre Schulten, CFO.
Jon Moeller: P&G delivered solid results with organic sales growth of 4% and core EPS of $1.88. Our performance demonstrates the strength of our brand portfolio and integrated growth strategy.
Beauty and Health Care were standout performers, each delivering mid-single digit organic growth. SK-II in China showed improvement, and our dermatological skincare brands continued to gain share. Oral Care had another strong quarter behind Oral-B innovation.
Fabric Care and Home Care delivered steady results in a competitive environment. Our superiority strategy continues to drive market share gains in key categories.
Andre Schulten: Net sales were $21.4 billion, up 3% versus prior year. Core operating margin was 24.5%, up 60 basis points as productivity improvements offset commodity headwinds. Core EPS grew 7% to $1.88.
Q&A Session
Analyst: Can you discuss the competitive environment and market share trends?
Jon Moeller: The competitive environment is dynamic but we are holding or gaining share in most categories. Our focus on superiority across product, package, and communication continues to differentiate P&G brands.
Analyst: What is your outlook for commodity costs and pricing?
Andre Schulten: We expect commodities to remain a modest headwind in the back half. Our pricing actions are largely complete, and we will rely on productivity and mix to drive margin expansion going forward.
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