🔹 EPS: $1.54 (Est. $1.55) 🔴
🔹 Revenue: $19.78B (Est. $20.36B) 🔴; DOWN -2% YoY
🔹 Organic Sales: +1% YoY
FY2025 Guidance (Updated):
🔹 Core EPS: $6.72–$6.82 (Est. $6.87) 🔴; UP +2% to +4% YoY
🔹 Organic Sales Growth: ~+2% (Prior: +3% to +5%) 🔴
🔹 All-in Sales: ~Flat vs. FY2024
🔹 FX Headwind: ~$200M
🔹 Commodity Cost Headwind: ~$200M
🔹 Interest/Divestiture EPS Headwind: ~$0.04
🔹 Effective Tax Rate: ~Flat YoY
🔹 Capital Spending: 4–5% of net sales
🔹 Shareholder Return: ~$10B in dividends, $6–$7B in share buybacks
🔹 Adjusted Free Cash Flow Productivity: ~90%
Segment Performance (Organic Sales YoY):
🔹 Beauty: +2%
▫ Hair Care: Flat
▫ Personal Care: High single-digit growth
▫ Skin Care: Low single-digit decline
🔹 Grooming: +3%
▫ Driven by volume and pricing gains in LATAM, Europe, North America
🔹 Health Care: +4%
▫ Oral Care: Low single-digit increase
▫ Personal Health Care: High single-digit growth
🔹 Fabric & Home Care: Flat
▫ Fabric Care: Flat
▫ Home Care: Low single-digit decline
🔹 Baby, Feminine & Family Care: -1%
▫ Baby Care: Low single-digit decline
▫ Feminine Care: Flat
▫ Family Care: Low single-digit decline
Profitability & Margins:
🔹 Core Operating Margin: +90 bps YoY
🔹 Core Gross Margin: -30 bps YoY (currency-neutral: -10 bps) 🔴
▫ Productivity Savings: +160 bps
▫ Price: +30 bps
▫ Unfavorable Mix: -120 bps
▫ Product Reinvestments: -40 bps
▫ Commodity Costs: -30 bps
🔹 Core SG&A Expense: -120 bps YoY (currency-neutral: -100 bps)
🔹 Core EPS (currency-neutral): UP +3% YoY
Strategic & Macro Commentary:
🔸 CEO Jon Moeller: "Modest organic growth delivered despite a volatile macro backdrop. We’re adjusting outlook appropriately while maintaining investments in product innovation and value delivery."
🔸 Continued focus on portfolio superiority, productivity, and disciplined execution
🔸 Dividend raised for the 69th consecutive year; 135 years of uninterrupted dividend payments
🔸 FX and commodity pressures now expected to shave $0.16 off core EPS