🔹 Revenue: $20.89B (Est. $20.81B) 🟢; UP +2% YoY
🔹 Adj. EPS: $1.48 (Est. $1.42) 🟢; UP +6% YoY
🔹 Organic Sales: UP +2% YoY
🔹 Shailesh Jejurikar appointed as new CEO, replacing Jon Moeller (effective FY26)
FY Guidance
🔹 Core EPS: $6.83–$7.09 (Est. $6.78) 🟢
🔹 Revenue: +1% to +5% YoY (Implied: $85.1B–$88.5B)
🔹 Organic Sales: Flat to +4% YoY
🔹 FX Tailwind: ~$300M after-tax
🔹 Tariff Headwind: ~$1B before-tax
🔹 Core Effective Tax Rate: 20%–21%
🔹 FCF Productivity Target: 85%–90%
🔹 FY26 Capital Spending: 4%–5% of sales
🔹 Dividend: ~$10B; Buybacks: ~$5B
Segment Organic Sales (Q4)
🔹 Beauty: +1%
🔹 Grooming: +1%
🔹 Health Care: +2%
🔹 Fabric & Home Care: +1%
🔹 Baby, Feminine & Family Care: +1%
Other Key Metrics:
🔹 Free Cash Flow Productivity: 110%
🔹 Restructuring plan to cut up to 7,000 non-manufacturing roles by FY27
🔹 ~$1B–$1.6B restructuring charges expected over two years
🔹 Focused portfolio and supply chain productivity optimization underway
CEO Commentary
🔸 “We grew sales and profit in fiscal 2025 and returned high levels of cash to shareowners in a dynamic, difficult and volatile environment.”
🔸 “We expect to deliver another year of organic sales growth, Core EPS growth and strong adjusted free cash flow productivity in fiscal 2026.” – Jon Moeller, Chairman & CEO
