Procter & Gamble Co (PG) Q2 2020 Earnings Call Transcript

Procter & Gamble Co (PG) Q2 2020 Earnings Call Transcript

I will turn the call over to P&G's Vice Chairman, Chief Operating Officer and Chief Financial Officer, Jon Moeller.. Top line, bottom line and cash, driven by our portfolio, superiority, productivity, constructive disruption, and organization strategies.. Fabric Care, Feminine Care, Hair Care, Oral Care and Grooming grew mid-single digits.. We continue to perform very well in our two largest markets, the U.S. up 4% and China up 13% for the quarter.. While we're seeing real signs of progress with grooming organic sales up 4% this quarter, we're still working to sustainably improve results in this business and in baby care.. Sales results in Japan our third largest market created nearly a 0.5 point drag on total Company organic sales growth due to timing of VAT changes that went into effect on October 1st.. Moving to the bottom line, core earnings per share were up 14% versus the prior year.. Foreign exchange was a one point earnings growth headwind, so on a constant currency basis, core earnings per share increased 15%.. Strong operating earnings, margins advancing, strong core earnings-per-share growth and continued high levels of cash generated and returns to shareowners.. The strategic choices we've made to focus and strengthen our