The Zhitong Finance App learned that before the US stock market on January 20, Procter & Gamble (PG.US) announced the results for the second quarter of fiscal year 2021. Financial reports showed that P&G Q2 had net sales of US$19.745 billion, up 8% year on year; net profit of US$38.87 billion, up 4% year on year; diluted earnings per share of 1.47 US dollars, compared to 1.41 US dollars in the same period last year. As of press release, the stock was up 1.03% in the premarket to $134.98.

P&G's Q2 net sales were $19.745 billion, up 8% year over year. By business segment, Q2 cosmetics sales were US$3.806 billion, up 6% year over year. The sales volume of toiletries was US$1,735 million, an increase of 5% over the previous year. Sales of healthcare products were US$2,746 billion, up 9% year over year. Sales of textiles and home care products were US$6.498 billion, up 12% year over year. Sales of baby, women's and home care products were US$4.858 billion, up 6% year over year.

P&G raised its sales growth forecast for FY2021 from 3%-4% year-on-year increase to 5%-6%, and organic sales growth forecast from 4%-5% to 5%-6%. GAAP earnings per share are expected to increase 8%-10% year-on-year in fiscal year 2021.

P&G expects to pay approximately $8 billion in dividends in fiscal year 2021. The company raised its forecast for common share repurchases in FY2021 from $7 billion to $9 billion to as much as $10 billion. P&G plans to return $18 billion in cash to shareholders this fiscal year.