Procter & Gamble Co.
Procter & Gamble Announces Fourth Quarter and Fiscal Year 2024 Results
Summary
On July 30, 2024, The Procter & Gamble Company reported its financial results for the fourth quarter and fiscal year ended June 30, 2024. The company reported net sales of $84.0 billion for the fiscal year, a 2% increase from the prior year, driven by a 4% increase in organic sales. Diluted earnings per share (EPS) for the fiscal year were $6.02, a 2% increase, while core EPS increased by 12% to $6.59. For the fourth quarter, net sales were $20.5 billion, unchanged from the prior year, and diluted EPS decreased by 7% to $1.27, primarily due to higher restructuring charges. The company generated operating cash flow of $19.8 billion and net earnings of $15.0 billion for the fiscal year. The company also announced plans to return over $14 billion to shareholders in fiscal 2024 via dividends and share repurchases. The company expects fiscal 2025 all-in sales growth in the range of 2% to 4% and diluted net earnings per share growth in the range of 10% to 12%.
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About Procter & Gamble Co.
Procter & Gamble Co. is a multinational consumer goods corporation renowned for its expansive portfolio of health, hygiene, and home products. As a key player in the consumer staples sector, P&G's primary function is to produce and market a variety of well-known brands such as Tide, Gillette, Pampers, and Crest. These products span multiple categories, including cleaning supplies, personal grooming, and baby care, meeting everyday needs of consumers worldwide. Procter & Gamble's notable features include a strong focus on brand development and expansive distribution networks that facilitate a global presence in over 180 countries. The company dedicates substantial resources to innovation and sustainability, consistently adapting its products to address consumer preferences and environmental concerns. In the financial market, Procter & Gamble Co. holds a significant role due to its stable earnings and dividend history, often appealing to investors seeking steady growth in the consumer goods space. Founded in 1837 and headquartered in Cincinnati, Ohio, P&G’s strategic brand management and operational efficiency continue to solidify its standing as a leading entity in the global consumer products market.
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