earnings
confidence high
sentiment positive
materiality 0.75
P&G Q1 FY24 net sales $21.9B (+6%), EPS $1.83 (+17%) beat
PROCTER & GAMBLE Co
2024-Q1 EPS reported
$1.83
revenue$21,871,000,000
- Diluted EPS $1.83, up 17% YoY; core EPS also $1.83, up 17%.
- Organic sales +7% driven by +7% pricing, partially offset by -1% volume.
- Segment organic sales: Beauty +5%, Grooming +9%, Health Care +10%, Fabric & Home Care +9%, Baby/Feminine/Family Care +7%.
- FY2024 all-in sales growth guidance adjusted to 2-4%; organic sales growth 4-5% and EPS $6.25-$6.43 maintained.
- Operating cash flow $4.9B; returned $3.8B via dividends ($2.3B) and share repurchases ($1.5B).