On Thursday, July 30th, Procter & Gamble Co (PG.US) released figures for the fourth quarter and full fiscal year of fiscal 2020, which ended on Thursday, June 30.
Net sales of Procter & Gamble Co's Q4 were $17.698 billion, up 4 per cent from a year earlier, according to the financial report.
By business, Q4 cosmetics sales were $3.176 billion, unchanged from a year earlier. Sales of toiletries were $1.51 billion, down 5 per cent from a year earlier. Sales of health care products were $2.015 billion, down 1 per cent from a year earlier. Sales of textiles and home care products were $6.29 billion, up 11% from a year earlier. Sales of baby, women and home care products were $4.618 billion, up 3 per cent from a year earlier.
Net profit was $2.786 billion, compared with a net loss of $5.237 billion in the same period last year. Diluted earnings per share were $1.07, compared with a loss of $2.12 per share in the same period last year.
For the full fiscal year, net sales were $70.95 billion, up 5% from a year earlier; net profit was $13.103 billion, up 230% from a year earlier; and diluted earnings per share were $4.96, compared with $1.43 a year earlier.
By business, cosmetics sales for the full fiscal year were $13.359 billion, up 4 per cent from a year earlier. Sales of toiletries were $6.069 billion, down 2 per cent from a year earlier. Sales of health care products were $9.028 billion, up 10 per cent from a year earlier. Sales of textiles and home care products were $23.735 billion, up 7 per cent from a year earlier. Sales of baby, women and home care products were $18.364 billion, up 3 per cent from a year earlier.
Procter & Gamble Co expects overall sales to increase by 1 to 3 per cent in fiscal year 2021 compared with the previous fiscal year. This includes a negative foreign exchange impact of about 1 per cent. The organic sales growth target is 2% to 4%.
Procter & Gamble Co expects diluted earnings per share in fiscal 2021 to grow by 6 to 10 per cent from $4.96 in fiscal 2020 under GAAP. Core earnings per share in fiscal 2021 increased by 3 to 7 per cent from $5.12 in fiscal 2020.
The company expects the combined impact of higher interest payments and lower interest income to adversely affect after-tax profit for fiscal 2021 by $150 million. The effective tax rate for fiscal 2021 is expected to be between 18 and 19 per cent, and capital expenditure is expected to be between 4 and 5 per cent of net sales in fiscal 2021.
Procter & Gamble Co said that the adjusted free cash flow productivity target for fiscal year 2021 is 90%, and is expected to pay about $8 billion in dividends and buy back $6 billion to $8 billion of common shares in fiscal year 2021.
After the announcement, as of 20:45 Beijing time, Procter & Gamble Co rose 1.51% to US $130.25.