REPORTING SECOND QUARTER 2026 EARNINGS

Robust Q2 Results Underpinned By Solid Execution

+2.2%

Q2 Organic Net Revenue Growth

Tuesday, July 28, 2026

On July 28, 2026, we reported our second quarter 2026 results.

“Our second quarter results were marked by robust top-line expansion, coupled with volume growth and share improvement, along with improved profitability. We delivered continued strength across our Emerging Markets, as well as strong growth and elevated execution in our North America business. In Europe, share dynamics are showing early positive trends, and we believe the business is well-positioned to build on that progress," said Dirk Van de Put, Chair and Chief Executive Officer. "We are encouraged by the momentum in our business, and we remain focused on executional excellence coupled with reinvesting behind our brands to enable sustained performance for years to come.”

Second Quarter Highlights1

  • Net Revenues +4.1%, Organic Net Revenues +2.2%, Volume/Mix +0.7%
  • Diluted EPS increased 144.9% to $1.20
  • Adjusted EPS was $0.73 which declined -2.7% on a constant currency basis
  • Year-to-date cash provided by operating activities was $1.3 billion and Free Cash Flow was $0.7 billion
  • Return of capital to shareholders was $1.5 billion in the first half of the year
  • Announcing +4% increase to quarterly dividend
Robust Q2 Results Underpinned By Solid Execution

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 constant currency are non-GAAP financial measures. Please see discussion of non-GAAP financial measures at the end of the press release for more information.