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News Release P & G The Procter & Gamble Company One P & G Plaza Cincinnati , OH 45202 P & G ANNOUNCES FISCAL YEAR 2021 SECOND QUARTER RESULTS Net Sales + 8 % ; Organic Sales + 8 % ; Diluted Net EPS $ 1.47 , + 4 % vs. prior year ; Core EPS $ 1.64 , + 15 % vs. prior year RAISES SALES , EARNINGS , ADJUSTED FREE CASH FLOW PRODUCTIVITY AND CASH RETURN GUIDANCE CINCINNATI , January 20 , 2021 - The Procter & Gamble Company ( NYSE : PG ) reported second quarter fiscal year 2021 net sales of $ 19.7 billion , an increase of eight percent versus the prior year . Excluding the net impacts of foreign exchange , acquisitions and divestitures , organic sales also increased eight percent . Diluted net earnings per share were $ 1.47 , an increase of four percent versus the prior year . Core EPS was $ 1.64 , an increase of 15 % versus the prior year . Currency - neutral core EPS increased 18 % versus the prior year . Operating cash flow was $ 5.4 billion for the quarter . Adjusted free cash flow productivity was 113 % . The Company returned $ 5 billion of cash to shareholders via $ 2 billion of dividend payments and $ 3 billion of common stock repurchases . " We delivered another strong quarter of results across all key measures - top line , bottom line and cash , " said David Taylor , Chairman , President and Chief Executive Officer . " We remain focused on executing our strategies of superiority , productivity , constructive disruption and improving P & G's organization and culture . These strategies enabled us to build strong business momentum before the COVID crisis , accelerated our progress in calendar year 2020 and remain the right strategies to deliver balanced growth and value creation over the long term . "