The Procter & Gamble Company reported second quarter fiscal year 2022 net sales of $21.0 billion, an increase of six percent versus the prior year. Organic sales also increased six percent.
 
“These results keep us on track to deliver our earnings outlook and to raise estimates for sales growth, cash productivity and cash return to shareowners. Our focus remains on the strategies of superiority, productivity, constructive disruption and continually improving P&G’s organization structure and culture. These strategies have enabled us to build and sustain strong momentum. They remain the right strategies to deliver balanced growth and value creation,” commented Jon Moeller, president and CEO.

Business Segments

Beauty segment organic sales increased two percent versus year ago. Skin and Personal Care organic sales increased low single digits primarily driven by volume growth in Personal Care due to innovation, market growth and pricing, partially offset by negative product mix. Hair Care organic sales increased low single digits primarily driven by increased pricing.
 
Grooming segment organic sales increased five percent versus year ago. Shave Care organic sales increased mid-single digits primarily due to volume growth, increased pricing and positive product and geographic mix from growth in developed markets. Appliances organic sales increased mid-single digits due to increased pricing and positive mix driven by the growth of premium shavers and stylers. This was partially offset by lower volumes versus a high base period which benefited from a pandemic-related consumption surge of in-home shavers and stylers.
 
Health Care segment organic sales increased eight percent versus year ago; Fabric and Home Care segment organic sales increased eight percent; and Baby, Feminine and Family Care segment organic sales increased five percent.

Guidance for 2022

P&G raised its outlook for fiscal 2022 all-in sales growth from a range of two to four percent to a range of three to four percent versus the prior fiscal year. The company also raised its guidance for organic sales growth from a range of two to four percent to a range of four to five percent.