earnings
confidence high
sentiment positive
materiality 0.80
P&G Q3 net sales $20.1B (+4%), EPS $1.37 (+3%); raises FY sales guidance
PROCTER & GAMBLE Co
2023-Q3 EPS reported
$4.53
revenue$61,453,000,000
- Net sales $20.1B (+4% YoY), organic sales +7% on 10% pricing, partially offset by 3% volume decline.
- Operating cash flow $3.9B, adjusted free cash flow productivity 92%; returned $3.6B via dividends and buybacks.
- FY 2023 all-in sales guidance raised to ~1% (from down 1%-in-line); organic sales raised to ~6% (from 4-5%).
- Commodity and FX headwinds total $3.5B after-tax (~$1.40/share); EPS guidance maintained in-line to +4% but towards lower end.
- Dividend increased for 67th consecutive year; expects ~$9B dividends and $7.4-$8B share repurchases in FY23.