earnings
confidence high
sentiment positive
materiality 0.75
PG Q1 FY24: EPS $1.83 beat, organic sales +7%, FY24 organic outlook +4-5%
PROCTER & GAMBLE Co
2024-Q1 EPS reported
$1.83
revenue$21,871,000,000
- Q1 diluted EPS $1.83 (up 17% YoY); Core EPS $1.83; Currency-neutral Core EPS $1.90 (+21%).
- Organic sales growth 7% (total net sales +6%); Health Care +10%, Grooming +9%, Fabric & Home +9%.
- Gross margin 52.0% (+460bps core YoY); operating margin 26.4% (+240bps core).
- Adjusted free cash flow $4.4B, productivity 97% of net earnings.
- FY2024 guidance: organic sales +4-5%, currency-neutral EPS +13-16%; net sales +2-4%.