Q2 2026 Procter & Gamble Co Earnings Call Transcript

Jan 22, 2026 / 01:30 PM GMT

Release Date Price: €127.62 (+2.41%)

Transcript 10-Q8-K

Key Points

Positve

Procter & Gamble Co (PG) reported a nearly 3% growth in organic sales outside the US, with strong performances in Latin America, Europe, and China.
The company has implemented strong innovation and productivity plans for the second half of the fiscal year, which are expected to drive growth.
Procter & Gamble Co (PG) is leveraging consumer insights to drive innovation, as seen in the success of products like Pampers Prestige in China and Downy Intense in Mexico.
The company has a robust strategy for integrating data and technology to enhance brand building and consumer connectivity.
Procter & Gamble Co (PG) returned $4.8 billion of cash to shareholders this quarter, demonstrating strong shareholder returns through dividends and share repurchases.

Negative

Procter & Gamble Co (PG) experienced a 2% decline in organic sales in North America, primarily due to base period trade inventory impacts.
The company's global aggregate market share decreased by 20 basis points, indicating competitive pressures.
Gross margin was down 50 basis points, and operating margin was down 70 basis points compared to the prior year.
The grooming segment saw flat organic sales and a significant margin contraction, highlighting challenges in that category.
Procter & Gamble Co (PG) faces a dynamic geopolitical landscape and softer consumer markets, which could impact future performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PG.N - Procter & Gamble Co
Q2 2026 Procter & Gamble Co Earnings Call
Jan 22, 2026 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Procter and Gamble's Quarter in conference call.

Today's event is being recorded for replay.

This discussion will include a number of forward-looking statements.

If you will refer to PNG's most recent 10k, 10, and Ak reports, you will see a discussion of factors that could cause the company's actual results to differ materially from these projections.

As required by regulation G.

Procter and Gamble needs to make you aware that during the discussion, the company will make a number of references to non-GAAP and other financial measures.

Procter and Gamble believes these measures provide investors with useful perspective on underlying business

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