Procter & Gamble (P&G) reported a 2% increase in net sales to $84.0 billion for the fiscal year ended June 30, 2024. The growth was primarily driven by mid-single-digit increases in Health Care, Fabric & Home Care, and Grooming, with a low single-digit increase in Beauty. Baby, Feminine & Family Care sales remained unchanged. Organic sales, which exclude the impact of foreign exchange and acquisitions or divestitures, rose by 4%. Operating income saw a modest rise of 2% to $18.5 billion, while net earnings grew by 2% to $15.0 billion. Diluted earnings per share (EPS) increased by 2% to $6.02. P&G's adjusted free cash flow was $16.9 billion, with productivity at 105%. The company faced a non-cash impairment charge of $1.3 billion before tax ($1.0 billion after tax) related to the...Show More

Procter & Gamble (P&G) reported a 2% increase in net sales to $84.0 billion for the fiscal year ended June 30, 2024. The growth was primarily driven by mid-single-digit increases in Health Care, Fabric & Home Care, and Grooming, with a low single-digit increase in Beauty. Baby, Feminine & Family Care sales remained unchanged. Organic sales, which exclude the impact of foreign exchange and acquisitions or divestitures, rose by 4%. Operating income saw a modest rise of 2% to $18.5 billion, while net earnings grew by 2% to $15.0 billion. Diluted earnings per share (EPS) increased by 2% to $6.02. P&G's adjusted free cash flow was $16.9 billion, with productivity at 105%. The company faced a non-cash impairment charge of $1.3 billion before tax ($1.0 billion after tax) related to the Gillette intangible asset, due to a higher discount rate and currency weakening. Despite this, P&G has maintained a strong financial position, with cash flow from operations at $19.8 billion. The company continues to pay dividends and has a stable outlook with high credit ratings. P&G's strategic focus remains on providing superior branded consumer packaged goods and driving market growth, with a commitment to environmental sustainability, digital acumen, supply chain capabilities, and a diverse workforce.