Today, Procter & Gamble Company (NYSE:PG) announced its financial results for the second quarter of fiscal year 2025, with net sales increasing to $21.9 billion, a 2% year-over-year growth. Organic sales, which exclude the impacts of foreign exchange and acquisitions and divestitures, rose by 3%.
Jon Moeller, Chairman of the Board, President, and CEO of P&G, praised the team for achieving accelerated growth in organic sales and core earnings per share in the second quarter, delivering strong cash returns to shareholders. He noted, “Our first-half results keep us within our guidance ranges on all key financial metrics for the fiscal year. We remain committed to our integrated growth strategy, focusing on daily essentials, where performance drives brand choice, emphasizing advantages in product performance, packaging, brand communication, retail execution, and consumer and customer value, supported by productivity, constructive disruption, and an agile and accountable organization.”
Among these, the beauty segment recorded organic sales of $3.848 billion, marking a 2% increase year-over-year. This growth was primarily driven by increased sales volumes in North America, Europe, and Latin America, along with a favorable product mix that led to low single-digit growth in hair care organic sales. However, sales declines in Greater China partially offset this growth.
The personal care segment saw double-digit organic sales growth spurred by innovation-driven volume increases, whereas the skincare segment experienced a mid-single-digit decline in organic sales. Despite this, positive contributions from the growth of the super-premium SK-II brand mitigated the overall decline.
Similarly, due to innovation-driven volume growth, the beauty care segment achieved a 2% increase in organic sales compared to the previous year. Nonetheless, unfavorable geographic mix slightly restrained this growth.
Innovation-driven volume growth helped the beauty and hair care segment log $1.752 billion in organic sales, a 2% increase compared to the same period last year, although some of the growth was offset by adverse geographic mix.
