P&G Beats Wall Street Forecasts in Q1

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P&G Beats Wall Street Forecasts in Q1
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First quarter fiscal year 2024 net sales come in at $21.9 billion.

The consumer goods giant, whose brands include Oral-B, Head & Shoulders, Olay, Gillette, SK-II and Pampers, saw first quarter fiscal year 2024 net sales come in at $21.9 billion, up 6 percent versus a year ago and slightly above Wall Street forecast of $21.58 billion. Earnings per share were $1.83, also surpassing estimates of $1.72.

“We delivered very strong results in the first quarter of fiscal year 2024, putting us on track to deliver towards the higher end of our fiscal year guidance ranges for organic sales and core EPS growth,” said Jon Moeller, chairman of the board, president and chief executive officer. “The P&G team’s execution of this strategy has enabled us to build and sustain strong momentum. We have confidence this remains the right strategy to deliver balanced growth and value creation.

Grooming segment organic sales increased 9 percent, as higher pricing and favorable product mix were partially offset by pricing-related volume declines.. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google

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