On April 19, 2024, Procter & Gamble (P&G) released its third-quarter fiscal year 2024 results, reporting a net sales increase of 1% to $20.2 billion compared to the previous year. Organic sales, which exclude foreign exchange and acquisitions/divestitures, rose by 3%. The company's diluted earnings per share (EPS) grew by 11% to $1.52. P&G's operating cash flow for the quarter was $4.1 billion, with net earnings of $3.8 billion. The company also maintained its fiscal year sales and cash return guidance while raising its EPS growth guidance. P&G's dividend increase earlier in the month marked the 68th consecutive year of dividend increases. The company's organic sales growth was driven by a 3% increase from higher pricing, with volume and mix having a neutral impact...Show More

On April 19, 2024, Procter & Gamble (P&G) released its third-quarter fiscal year 2024 results, reporting a net sales increase of 1% to $20.2 billion compared to the previous year. Organic sales, which exclude foreign exchange and acquisitions/divestitures, rose by 3%. The company's diluted earnings per share (EPS) grew by 11% to $1.52. P&G's operating cash flow for the quarter was $4.1 billion, with net earnings of $3.8 billion. The company also maintained its fiscal year sales and cash return guidance while raising its EPS growth guidance. P&G's dividend increase earlier in the month marked the 68th consecutive year of dividend increases. The company's organic sales growth was driven by a 3% increase from higher pricing, with volume and mix having a neutral impact. P&G's Chairman, President, and CEO, Jon Moeller, attributed the solid sales and earnings growth to the company's focused product portfolio strategy and investments in superiority to drive market growth. P&G maintained its fiscal 2024 all-in sales growth guidance of 2-4% and organic sales growth of 4-5%. The company raised its fiscal 2024 diluted net earnings per share growth to a range of 1-2% versus the previous fiscal year's EPS of $5.90 and core net earnings per share growth to 10-11%. The company expects to pay over $9 billion in dividends and repurchase $5 to $6 billion of common shares in fiscal 2024.