Procter & Gamble (P&G) reported a 1% decrease in net sales to $21.7 billion for the quarter ended September 30, 2024, compared to the same period in the previous year. Despite this, organic sales, which exclude the impacts of acquisitions, divestitures, and foreign exchange, increased by 2%. The company faced a 12% decrease in net earnings to $4.0 billion, primarily due to higher restructuring charges related to the substantial liquidation of operations in certain markets, including Argentina. Diluted earnings per share (EPS) decreased by 12% to $1.61, while Core EPS, excluding incremental restructuring charges, increased by 5% to $1.93. Operating cash flow was reported at $4.3 billion. In terms of business development, P&G completed a limited market portfolio restructuring, primarily in Argentina and Nigeria, to address challenging macroeconomic conditions. The total incremental restructuring charges incurred from December 31, 2023, through September 30, 2024, were approximately $1.2 billion after tax. Looking ahead, P&G did not outline specific future plans but continues to manage global financial risks, including foreign currency fluctuations and market volatility, while striving to provide branded consumer packaged goods of superior quality and value worldwide.

Procter & Gamble (P&G) reported a 1% decrease in net sales to $21.7 billion for the quarter ended September 30, 2024, compared to the same period in the previous year. Despite this, organic sales, which exclude the impacts of acquisitions, divestitures, and foreign exchange, increased by 2%. The company faced a 12% decrease in net earnings to $4.0 billion, primarily due to higher restructuring charges related to the substantial liquidation of operations in certain markets, including Argentina. Diluted earnings per share (EPS) decreased by 12% to $1.61, while Core EPS, excluding incremental restructuring charges, increased by 5% to $1.93. Operating cash flow was reported at $4.3 billion. In terms of business development, P&G completed a limited market portfolio restructuring, primarily in Argentina and Nigeria, to address challenging macroeconomic conditions. The total incremental restructuring charges incurred from December 31, 2023, through September 30, 2024, were approximately $1.2 billion after tax. Looking ahead, P&G did not outline specific future plans but continues to manage global financial risks, including foreign currency fluctuations and market volatility, while striving to provide branded consumer packaged goods of superior quality and value worldwide.