earnings
confidence high
sentiment positive
materiality 0.80
P&G Q2 Core EPS $1.84 +16% YoY, raises FY Core EPS guidance to 8-9% growth
PROCTER & GAMBLE Co
2024-Q2 EPS reported
$3.23
revenue$43,312,000,000
- Net sales $21.4B (+3% YoY); organic sales +4% driven by +4% pricing, -1% volume.
- GAAP diluted EPS $1.40 (-12%) reflects $1.3B non-cash Gillette impairment; Core EPS $1.84 (+16%).
- Limited market portfolio restructuring in Argentina & Nigeria; expects $1.0-1.5B after-tax charges over FY2024-25.
- FY2024 Core EPS guidance raised to $6.37-$6.43 (+8-9%); GAAP EPS outlook lowered to -1% to in-line.
- Maintains FY organic sales growth 4-5%; expects >$9B dividends and $5-6B in share repurchases.