UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) x TrueQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR o FalseTRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to THE PROCTER & GAMBLE COMPANY (Exact name of registrant as specified in its charter) Ohio OH 1-434 31-0411980 (State of Incorporation) (Commission ...

Many consumers may have traded down to private-label brands in earlier stages of the current period of high inflation, but now, according to Procter & Gamble, shoppers are consistently staying loyal to their favorite name brands.On a call with analysts Friday (April 19) discussing the consumer-packaged goods (CPG) giant’s third-quarter fiscal 2024 financial results, Chief Financial Officer Andre Schulten said consumers are sticking with national brands, no longer sacrificing them for lower-priced store-bran ...

Financial Data and Key Metrics Changes - Organic sales grew by 3%, with volume in line with the prior year and pricing contributing 3 points to sales growth [5][9] - Core earnings per share increased to $1.52, up 11% year-over-year, with a currency-neutral basis showing an 18% increase [9][10] - Core gross margin improved by 310 basis points, and operating margin increased by 90 basis points [9][10] Business Line Data and Key Metrics Changes - Home Care and Hair Care saw double-digit growth, while Oral Care grew mid-single digits [6] - Fabric Care, Family Care, Feminine Care, and Personal Health Care were up low singles, whereas Skin and Personal Care and Baby Care organic sales were lower compared to the prior year [6] Market Data and Key Metrics Changes - North America organic sales grew by 3%, with a volume growth of 3 points [6] - Europe focus markets grew by 7%, with 4 points of volume growth, while Latin America organic sales increased by 17% [7] - Greater China organic sales were down 10%, with SK-II sales declining around 30% [8] Company Strategy and Development Direction - The company is focused on executing an integrated strategy to drive strong results and maintain cash returns to shareholders [4][10] - There is a commitment to building category consumption and restoring business growth in China and the Middle East [10][12] - The company emphasizes ongoing investment in product superiority across various vectors, including packaging and brand communication [12][14] Management's Comments on Operating Environment and Future Outlook - Management expects continued volatility in the operating environment, including input costs and geopolitical dynamics [14][18] - The guidance for organic sales growth remains at 4% to 5% for the fiscal year, with an expectation of normalization in market growth rates [14][15] - The company anticipates a tailwind from commodities of around $900 million after tax, but foreign exchange is expected to be a headwind of approximately $600 million [16][17] Other Important Information - The company returned $3.3 billion to shareholders, including $2.3 billion in dividends and $1 billion in share repurchases [10] - A 7% increase in dividends was announced, marking the 68th consecutive annual dividend increase [10] Q&A Session Summary Question: Market growth expectations over the next 12 months - Management noted stable consumption trends globally, with P&G growing value share in 29 of the top 50 category country combinations [21][24] Question: Visibility on volume growth in Q4 - Management expects volume growth to improve sequentially, with a recovery in markets like China and the Middle East anticipated [37][38] Question: Impact of inventory dynamics on organic sales - The inventory reduction in the U.S. was identified as a one-time event, and management expects to see a step-up in growth to meet guidance [49][50] Question: Drivers of strong market performance in Europe - Strong execution, innovation, and marketing support were highlighted as key contributors to the sustained growth in Europe [61][62] Question: Adaptation to channel shifts in China - The company is focusing on balancing brand equity with transactional execution in response to the significant online channel shift [63][64]

The Procter & Gamble Company (PG) has reported third-quarter fiscal 2024 results, wherein earnings surpassed the Zacks Consensus Estimate, while sales missed the same. Sales and earnings improved year over year. The company’s organic sales grew, driven by robust pricing, along with strength across segments.Procter & Gamble’s core earnings of $1.52 per share increased 11% from $1.37 in the year-ago quarter. The figure also beat the Zacks Consensus Estimate of $1.42. The strong bottom-line results have stemme ...

News Release The Procter & Gamble Company One P&G Plaza Cincinnati, OH 45202 P&G ANNOUNCES FISCAL YEAR 2024 THIRD QUARTER RESULTS Net Sales +1%; Organic Sales +3% Diluted EPS and Core EPS $1.52, each +11% MAINTAINS FISCAL YEAR SALES AND CASH RETURN GUIDANCE RAISES EPS GROWTH GUIDANCE CINCINNATI, April 19, 2024 - The Procter & Gamble Company (NYSE:PG) reported third quarter fiscal year 2024 net sales of $20.2 billion, an increase of one percent versus the prior year. Organic sales, which excludes the impacts ...

The company just announced its 67th consecutive annual dividend hike.It happens with regularity every April, but investors still love to see Procter & Gamble (PG 0.32%) announce its new dividend each year.The consumer staples giant has one of the longest payout-boosting streaks on the market, with dividends rising each of the last 67 consecutive years. And P&G has been sending out dividend checks since it was founded in the '90s -- the 1890s, that is.The hike that management announced for 2024 is more gener ...

  Analyst Estimates for Q3 2024 Q2 2024Q3 2023 Revenue$20.45B$21.44B$20.07BAdjusted Earnings Per Share$1.41$1.84$1.37Adjusted Net Income $3.46B $4.53B$3.40B Key Metric: Prices Procter & Gamble rode higher prices to increased revenue in its December quarter. But the upcoming earnings report could show the lowest price increases by the consumer goods seller since the first quarter of fiscal 2022, with analysts forecasting that P&G will hike prices by 2.75% in the quarter. It could also be the first quarter ...

Cincinnati-based manufacturing giant Proctor & Gamble Co (NYSE:PG) is slated to step into the earnings confessional before the open on Friday, April 19. The company is expected to report fiscal third-quarter adjusted earnings of $1.42 per share on revenue of $20.5 billion -- a 3.7% and 2.1% year-over-year increase, respectively.  Looking at PG's earnings history, there's a precedent for positive post-earnings returns, with six of its eight next-day sessions ending higher. The last eight quarters produced an ...

Wall Street analysts expect Procter & Gamble (PG) to post quarterly earnings of $1.42 per share in its upcoming report, which indicates a year-over-year increase of 3.7%. Revenues are expected to be $20.48 billion, up 2.1% from the year-ago quarter.The current level reflects a downward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a com ...

The Procter & Gamble Company (PG) is set to report third-quarter fiscal 2024 results on Apr 18, before the opening bell. The company is expected to have witnessed sales and earnings growth in the to-be-reported quarter.The Zacks Consensus Estimate for the company’s fiscal third-quarter earnings is pegged at $1.42 per share, indicating a 3.7% increase from the year-ago quarter’s reported figure. The consensus mark has been unchanged in the past 30 days. For fiscal third-quarter revenues, the consensus mark i ...