PG Earnings

ngs: Sales growth, productivity savings and lower commodity costs partially offset by unfavorable product mix. Q3 FY 2026 RESULTS Baby, Feminine and Family Care Segment FY 2026 GUIDANCE • Organic Sales Growth: +0% to +4% • Net Sales Growth: +1% to +5% • Includes a 1% positive impact from foreign exchange and acquisitions and divestitures FY ‘26 +0% to +4%Organ

6% • Core effective tax rate approximately 20% to 21% FY ‘25 Base Period EPSFY ‘26 $6.83+0% to +4%Core EPS Growth (Maintain) $6.51+1% to +6%All-in EPS Growth (Maintain) FY 2026 GUIDANCE SUMMARY FY 2026 GUIDANCEMETRIC +0% to +4%Organic Sales Growth +1% to +5%Net Sales Growth +0% to +4%Core EPS Growth +1% to +6%All-In EPS Growth -1% to +3%Currency Neutral Core E

rowth 20% to 21%Core Effective Tax Rate 85% to 90%Adjusted Free Cash Flow Productivity 4% to 5%Capital Spending, % of Sales ~$10bnDividends ~$5bnDirect Share Repurchase FY 2026 GUIDANCE POTENTIAL HEADWINDS NOT INCLUDED IN GUIDANCE • Significant deceleration of market growth rates • Significant currency weakness • Significant commodity cost increases • Addition

“We’re increasing investments to accelerate momentum with consumers despite the challenging geopolitical and economic environment, while still maintaining our guidance ranges for the fiscal year. We continue to believe the best path to sustainable, balanced growth is by strengthening execution of our integrated growth strategy.

eign exchange rates and acquisitions and divestitures are expected to be a tailwind of approximately one percentage point to all-in sales growth. The Company also maintained its outlook for organic sales growth in the range of in-line to up four percent versus the prior year. P&G maintained its outlook for fiscal 2026 diluted net earnings per share growth to b

P&G also maintained its fiscal 2026 core earnings per share growth to be in the range of in-line to up four percent versus fiscal 2025 core EPS of $6.83. This outlook equates to a range of $6.83 to $7.09 per share. P&G now expects commodity costs to be a headwind of approximately $150 million after tax and higher costs from tariffs are estim

mmodity costs more than offset by sales decline, negative category mix, marketing investment and tariff costs. Q2 FY 2026 RESULTS Baby, Feminine and Family Care Segment FY 2026 GUIDANCE • Organic Sales Growth: +0% to +4% • Net Sales Growth: +1% to +5% • Includes a 1% positive impact from foreign exchange and acquisitions and divestitures FY ‘26 Organic Sales G

IDANCE SALES FY 2026 GUIDANCE EARNINGS PER SHARE • Core EPS Growth: +0% to +4% • Outlooking neutral impact from commodities • Outlooking $0.4bn after-tax headwind from tariffs • Outlooking $0.2bn after-tax tailwind from foreign exchange • 1-point foreign exchange tailwind results in currency neutral core EPS growth of -1% to +3% • Higher tax rate and modest he

• Core effective tax rate approximately 20% to 21% FY ‘26 FY ‘25 Base Period EPS Core EPS Growth (Maintain) +0% to +4% $6.83 All-in EPS Growth (Update) +1% to +6% $6.51 FY 2026 GUIDANCE SUMMARY METRIC FY 2026 GUIDANCE Organic Sales Growth +0% to +4% Net Sales Growth +1% to +5% Core EPS Growth +0% to +4% All-In EPS Growth +1% to +6% Currency Neutral Core EPS Gr

ati, OH 45202 P&G ANNOUNCES FISCAL YEAR 2026 SECOND QUARTER RESULTS Net Sales +1%; Organic Sales 0% Diluted EPS $1.78, -5%; Core EPS $1.88, 0% UPDATES GAAP EPS FOR RESTRUCTURING OUTLOOK MAINTAINS FISCAL YEAR SALES, CORE EPS GROWTH AND CASH RETURN GUIDANCE CINCINNATI, January 22, 2026 - The Procter & Gamble Company (NYSE:PG) reported second quarter fiscal year

ures for the definition and reconciliation of these measures to the related GAAP measures. “Our results in the second quarter keep us on track to deliver within our fiscal year guidance ranges for organic sales growth, core EPS growth and adjusted free cash flow productivity in a challenging consumer and geopolitical environment,” said Shailesh Jejurikar, Pres

eign exchange rates and acquisitions and divestitures are expected to be a tailwind of approximately one percentage point to all-in sales growth. The Company also maintained its outlook for organic sales growth in the range of in-line to up four percent versus the prior year. P&G adjusted its outlook for fiscal 2026 diluted net earnings per share growth to be