Procter & Gamble (PG) Q2 FY26 earnings call

Procter & Gamble navigated a challenging Q2 FY26, with organic sales flat due to significant base period headwinds, particularly in the U.S. and certain categories. Despite this, the company expressed confidence in a stronger second half, driven by strategic interventions in innovation, commercial execution, and brand building, which have already yielded positive results in international markets. Management is also embarking on a "longer-term reinvention" to adapt to evolving consumer and retail landscapes, leveraging data and technology to redefine brand building and drive future growth.