Procter & Gamble's Beauty segment drives unexpected growth as dividend streak hits 70 years

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Summary · why it matters

Procter & Gamble's Beauty segment delivered standout growth in the fiscal third quarter of 2026, with net sales rising 11% to $3.866 billion and organic sales up 7%, driven by a 5% volume increase. The segment's pre-tax earnings grew 11% to $761 million, outpacing the company's other four divisions. Overall, P&G reported total net sales of $21.2 billion, up 7% year-over-year, with organic sales growth of 3% and core earnings per share of $1.59. The company also extended its dividend increase streak to 70 consecutive years, with a planned $10 billion in total dividends for fiscal 2026. Additionally, P&G announced a $3.8 billion all-cash acquisition of Thorne HealthTech, a premium supplement brand, signaling a push into wellness and preventive health.

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Thorne HealthTech, Inc.i
Private▲ PositiveCapitalrelevance

Acquired by P&G for $3.8B all-cash, signaling premium valuation.