earnings
confidence high
sentiment positive
materiality 0.85
P&G Q2 FY24 Core EPS $1.84, up 16% YoY; Organic sales growth 4%
PROCTER & GAMBLE Co
2024-Q2 EPS reported
$3.23
revenue$43,312,000,000
- Core EPS of $1.84, up 16% YoY; diluted EPS $1.40 includes $1.3B pre-tax Gillette impairment.
- Organic sales growth 4% for total company; Fabric Care & Home Care led at 6%, Grooming 9%.
- Gross margin expanded 520 bps to 52.7%; core operating margin 27.0%, up 400 bps.
- FY2024 guidance: organic sales +4-5%, Core EPS growth +8-9% (currency-neutral +15-16%).
- Adjusted free cash flow $4.3B, productivity 95% on net earnings adjusted for impairment.