Core Insights - Procter & Gamble reported net sales of $22.2 billion for Q2 of fiscal year 2026, reflecting a 1% increase year-over-year. Organic sales remained flat after adjusting for foreign exchange, acquisitions, and divestitures [1] - Diluted earnings per share were $1.78, down 5% from the previous year, primarily due to restructuring-related costs. Core earnings per share remained stable at $1.88 [1] - The company generated $5 billion in operating cash flow and reported a net profit of $4.3 billion for the quarter [1] Business Segment Performance - **Beauty Segment**: Organic sales increased by 4%, driven by growth in hair care and personal care products, particularly in Latin America and Europe, although offset by adverse regional sales mix [2] - **Grooming Segment**: Organic sales remained flat, with growth in North America and Europe countered by a decline in volume [2] - **Health Care Segment**: Organic sales grew by 3%, supported by an increase in high-end product offerings, although this was partially offset by volume declines [2] - **Fabric & Home Care Segment**: Organic sales were flat, with growth in North America and Latin America negated by declines in Europe [3] - **Baby, Feminine & Family Care Segment**: Organic sales decreased by 4%, primarily due to volume declines, although price increases in North America provided some offset [3]