1、Q1 FY 2026 ResultsOctober 24,2025EARNINGS EARNINGS RELEASERELEASEAREAS OF FOCUSEMPLOYEE VALUE EQUATIONENVIRONMENTALSUSTAINABILITYSUPPLY CHAINDIGITAL ACUMENSUSTAIN EXCELLENCESUSTAIN EXCELLENCEINTEGRATEDGROWTH STRATEGYSUPERIORITYSUPERIORITYTO WIN WITH CONSUMERSPRODUCTIVITYPRODUCTIVITYTO FUEL INVESTMEN

2、TSORGANIZATIONORGANIZATIONEMPOWERED AGILEACCOUNTABLEPORTFOLIOPORTFOLIOPERFORMANCE DRIVES BRAND CHOICECONSTRUCTIVECONSTRUCTIVEDISRUPTIONDISRUPTIONACROSS OUR BUSINESSIn Service to Consumers,Customers,Employees,Society&ShareownersBUSINESS BUSINESS RESULTSRESULTSQ1 FY 2026 First quarter results refl

3、ect strong execution of our integrated strategy in a difficult geopolitical,competitive and consumer environment.Organic sales grew 2%,driven by pricing and mix.8 of 10 product categories grew or held organic sales for the quarter.Global aggregate value share is down 30 basis points,with 24 of our t

4、op 50 category/country combinations holding or growing share for the quarter.Core earnings per share were$1.99,up 3%versus the prior year.On a currency neutral basis,core EPS increased 3%.Q1 FY 2026 RESULTSQ1 FY 2026 RESULTSQ1 FY 26Organic Sales Growth+2%Organic Volume Growth+0%Core EPS Growth+3%Cur

5、rency Neutral Core EPS Growth+3%Adjusted Free Cash Flow Productivity102%Q1 FY 2026 RESULTSQ1 FY 2026 RESULTS Organic volume was flat.Pricing contributed 1 point to organic sales growth.Mix contributed 1 point to organic sales growth.2%3%1%2%2%Q1 FY 25Q2 FY 25Q3 FY 25Q4 FY 25Q1 FY 26Q1 FY 2026 RESULT

6、SQ1 FY 2026 RESULTSOrganic Sales GrowthOrganic Sales Growth Core gross margin Core operating margin Total productivity savings-50 basis pointsFlat+230 basis points5%2%1%6%3%Q1 FY 25Q2 FY 25Q3 FY 25Q4 FY 25Q1 FY 26Q1 FY 2026 RESULTSQ1 FY 2026 RESULTSCore Earnings Per Share GrowthCore Earnings Per Sha