Dear External Business Partners:
Sharing an update on P&G’s Q2 2026 earnings and announcing this year’s Excellence Award winners — celebrating the outstanding contributions of our top performing external business partners.
Quarterly Earnings Update
These results keep us on track to deliver within our core fiscal year guidance ranges and showcase our commitment to executing our integrated growth strategy in a challenging consumer and geopolitical environment. Our focus remains on delivering superiority that matters to consumers, advancing innovation, and driving the productivity needed to support sustained growth.
As external business partners, you play a critical role in this journey. By aligning our strengths — your capabilities and innovation with P&G’s consumer insights, technology, and end-to-end supply chain — we can lead the industry forward – anticipating change, shaping it, and delivering meaningful value for consumers, retailers, and our shared business. See press release for details.
Congratulations, Excellence Award Winners!
Our external business partners are essential to how P&G delivers for consumers every day. Through your expertise and execution, you strengthen our global supply ecosystem and enable superior performance across the Company. That is why we are proud to recognize the recipients of P&G’s 2025 External Business Partner Excellence Awards – our top-performing partners.
This year’s honorees were selected through a rigorous evaluation across five key areas: commercial, operational, innovation, relationship, and citizenship. Over the past 12-24 months, these partners have consistently delivered outstanding results while modeling the collaboration, accountability, and forward-looking mindset that define excellence at P&G. While this recognition celebrates a select group, it also reflects the standards we value across our entire partner network. The Excellence Awards highlight what strong relationships look like in action – raising the bar on execution and delivering meaningful impact for our business, consumers and communities.
To our 2025 award recipients, thank you for your leadership and the pride you take in delivering excellence. And to all our partners, thank you for the commitment you bring to P&G every day. We value the relationships we have built together and look forward to continuing to drive superiority – side by side.
Chief Purchasing Officer, P&G
*See P&G’s investor website (www.pginvestor.com) for P&G's full Q2 earnings release issued January 22, 2026, the associated webcast presentation, definitions of non-GAAP measures and reconciliation to the most closely related GAAP measure, as well as cautionary information on forward-looking statements, which are based on current assumptions and subject to risks and uncertainties that may cause actual results to differ materially.