🔹 Revenue: $21.9B (Est. $21.59B) 🟢; UP +2% YoY
🔹 Organic Sales Growth: +3% YoY (Est. 2.35%) 🟢
🔹 Core EPS: $1.88 (Est. $1.87) 🟢; UP +2% YoY
FY25 Guidance:
🔹 Core EPS: $6.91-$7.05 (Est. $6.94) 🟡; UP +6% YoY
🔹 Revenue Growth: +2%-4% YoY
🔹 Organic Sales Growth: +3%-5%
🔸 Unfavorable FX and commodity costs to impact EPS by ~$0.20
Q2 Segments:
Beauty:
🔹 Revenue: $3.85B (Est. $3.79B) 🟢; Flat YoY
🔸 Growth driven by Hair Care in North America, Europe, and Latin America
🔸 Personal Care organic sales grew double digits; offset by mid-single-digit declines in Skin Care
Grooming:
🔹 Revenue: $1.75B (Est. $1.73B) 🟢; UP +2% YoY
🔸 Innovation-led volume growth offset by unfavorable geographic mix
Health Care:
🔹 Revenue: $3.25B (Est. $3.38B) 🔴; UP +2% YoY
🔸 Oral Care and Personal Health Care both achieved low single-digit organic sales growth
Fabric & Home Care:
🔹 Revenue: $7.58B (Est. $7.61B) 🟡; UP +2% YoY
🔸 Fabric Care growth from North America volume and favorable mix
🔸 Home Care organic sales rose mid-single digits
Baby, Feminine & Family Care:
🔹 Revenue: $5.30B (Est. $5.16B) 🟢; UP +3% YoY
🔸 Family Care posted double-digit growth, offset by low single-digit declines in Baby Care
Key Metrics:
🔹 Net Earnings: $4.63B; UP +34% YoY
🔹 Operating Cash Flow: $4.8B; Free Cash Flow Productivity: 84%
🔹 Gross Profit Margin: 52.4% (DOWN 30 bps YoY)
🔹 Core Operating Margin: 26.2% (DOWN 80 bps YoY)
🔹 Dividends Paid: $2.4B; Share Repurchases: $2.5B
🔹 Adjusted Free Cash Flow Productivity: 84%
CEO Jon Moeller's Commentary:
🔸 "Our integrated growth strategy across portfolio superiority, productivity, and constructive disruption has driven solid results, keeping us on track to meet FY25 financial targets. We remain focused on balanced growth and value creation."