share_log

Procter & Gamble | 8-K: FY & Q4 FY 2024 Results

SEC ·  Jul 30 22:25

Summary by Futu AI

On July 30, 2024, Procter & Gamble (P&G) released its fourth-quarter financial results and conducted a conference call, which was accompanied by informational slides. These materials were furnished on Form 8-K and are available on P&G's website. The company reported organic sales growth across various segments, with total company organic sales growth at 2% for the quarter and 4% for the fiscal year ended June 30, 2024. Core Earnings Per Share (EPS) for the quarter increased by 2% to $1.40, and by 12% to $6.59 for the fiscal year. Currency-neutral Core EPS, which excludes the impact of foreign exchange, showed a 6% increase for the quarter and a 16% increase for the fiscal year. Core gross margin and Core operating margin also saw improvements. Adjusted free cash flow...Show More
On July 30, 2024, Procter & Gamble (P&G) released its fourth-quarter financial results and conducted a conference call, which was accompanied by informational slides. These materials were furnished on Form 8-K and are available on P&G's website. The company reported organic sales growth across various segments, with total company organic sales growth at 2% for the quarter and 4% for the fiscal year ended June 30, 2024. Core Earnings Per Share (EPS) for the quarter increased by 2% to $1.40, and by 12% to $6.59 for the fiscal year. Currency-neutral Core EPS, which excludes the impact of foreign exchange, showed a 6% increase for the quarter and a 16% increase for the fiscal year. Core gross margin and Core operating margin also saw improvements. Adjusted free cash flow productivity was reported at 148% for the quarter and 105% for the fiscal year, with adjustments made for non-cash charges related to foreign currency translation losses and the Gillette intangible asset impairment charge. P&G's guidance for FY 2025 estimates a net sales growth of 2% to 4%, with organic sales growth projected at 3% to 5%.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.