REPORTING FIRST QUARTER 2026 EARNINGS

Solid Start To Year, Reaffirming 2026 Outlook

+3.0%

Q1 Organic Net Revenue Growth

Tuesday, April 28, 2026

On April 28, 2026, we reported our first quarter 2026 results.

“We posted solid first quarter results led by strong top-line growth in our Emerging Markets while Developed Market growth showed signs of improvement. These results reflect strong execution of our consumer-centric strategy supported by increased investments behind our brands and growth platforms despite ongoing macro volatility,” said Dirk Van de Put, Chair and Chief Executive Officer. “The fundamentals of our business remain strong, the capabilities of our people are unmatched, and we continue to boldly invest behind our long-term growth opportunities to enable sustained performance for years to come.”

First Quarter Highlights1

  • Net Revenues +8.2%, Organic Net Revenues +3.0%, Volume/Mix -0.5%
  • Diluted EPS increased 41.9% to $0.44
  • Adjusted EPS was $0.67 down -14.9% on a constant currency basis
  • Cash provided by operating activities was $0.5 billion
  • Free Cash Flow was $0.2 billion
  • Return of capital to shareholders was $0.6 billion
Solid Start To Year, Reaffirming 2026 Outlook

For more information, see our press release here.

  1. Organic Net Revenue, Adjusted Gross Profit (and Adjusted Gross Profit margin), Adjusted Operating Income (and Adjusted Operating Income margin), Adjusted EPS, Free Cash Flow and presentation of amounts in both reported and constant currency are non-GAAP financial measures. Please see discussion of non-GAAP financial measures at the end of this press release for more information.