Procter & Gamble announced a 4% organic sales growth for fiscal year 2024, continuing a streak of six consecutive years with at least a 4% rise. Net sales rose 2%, to $84 billion, while fourth-quarter sales, shipment volumes and product mix were flat year over year.The Cincinnati-based consumer packaged goods (CPG) company reported net income of $3.14 billion for the fiscal fourth quarter. P&G CEO Jon Moeller highlighted the company’s ability to meet or exceed its growth targets despite a challenging econom ...

The Procter & Gamble Company (PG) has reported fourth-quarter fiscal 2024 results, wherein earnings surpassed the Zacks Consensus Estimate and improved year over year. Meanwhile, sales missed the consensus mark and were flat year over year. The company’s organic sales grew year over year, driven by robust pricing and volume trends.Procter & Gamble’s core earnings of $1.40 per share increased 2% from the year-ago quarter and beat the Zacks Consensus Estimate of $1.37. Currency-neutral net earnings per share ...

Financial Data and Key Metrics - Organic sales growth for fiscal year 2024 was 4%, marking the sixth consecutive year of 4% or better organic growth despite challenging market conditions [7] - Core earnings per share (EPS) for the year were $6 59, up 12% year-over-year, with core gross margin improving by 360 basis points and core operating margin increasing by 170 basis points [9] - Adjusted free cash flow productivity was 105%, and the company returned over $14 billion to shareholders, including $9 3 billion in dividends and $5 billion in share repurchases [9] - In Q4 2024, organic sales growth was 2%, with volume up 2% and pricing up 1% [10] - Core EPS for Q4 was $1 40, up 2% year-over-year, with core gross margin increasing by 140 basis points [13] Business Line Performance - Eight out of ten product categories grew organic sales in fiscal 2024, with home care, hair care, and grooming showing high single-digit growth, while skin and personal care and baby care declined by low single digits [7] - In Q4 2024, nine out of ten product categories grew or held organic sales, with home care, hair care, grooming, and oral care each up by high single digits [10] - The beauty segment, excluding SK-II, grew 6% in Q4 and 7% for the fiscal year, with strong performance in hair care and personal care brands like Head & Shoulders, Pantene, and Native [87][88] Market Performance - North America organic sales grew 5% for the year and 4% in Q4, driven by strong volume growth [8][10] - Greater China organic sales declined 9% for the year and 8% in Q4, primarily due to weak market conditions and brand-specific headwinds for SK-II [8][12] - Latin America saw 15% organic sales growth for the year and 8% in Q4, with Brazil contributing high single-digit growth [8][11] - E-commerce sales increased 9% for the year, now representing 18% of total company sales [8] Strategy and Industry Competition - The company's strategy focuses on driving market growth through superior products, packages, and brand communication, with a commitment to innovation across five vectors: product, package, brand communication, retail execution, and value [19][20] - Productivity improvements of over $2 3 billion were achieved in fiscal 2024, enabling increased investment in innovation and marketing [9][22] - The company is focusing on supply chain optimization, environmental sustainability, digital acumen, and employee value to strengthen its competitive position [25][26][27][28] Management Commentary on Operating Environment and Future Outlook - Management acknowledged the challenging economic and geopolitical environment but expressed confidence in the company's ability to deliver balanced growth and value creation [14][17] - For fiscal 2025, the company expects organic sales growth of 3% to 5% and core EPS growth of 5% to 7%, despite headwinds from commodity costs and foreign exchange [30][31] - The company plans to return $16 billion to $17 billion to shareholders through dividends and share repurchases in fiscal 2025 [32] Other Important Information - The company divested its operations in Argentina, which will be largely removed from organic sales reporting in fiscal 2025 [11] - The company expects headwinds in China and the Middle East to moderate or annualize over the coming periods, with a return to growth anticipated in the second half of fiscal 2025 [12][41] Q&A Session Summary Question: Organic sales growth in Q4 and market performance [36] - Response: 85% of the business performed in line with expectations, with strong growth in North America and Europe, while headwinds in China, the Middle East, and Argentina impacted results [37][38][39] Question: Balance between pricing and volume in fiscal 2025 guidance [46] - Response: The company expects a balanced contribution from volume and price mix, with productivity improvements supporting continued investment in marketing and innovation [49][50] Question: Performance of fabric care and baby care segments [55] - Response: Fabric care is expected to re-accelerate with new innovations, while baby care shows strong performance in North America but faces challenges in Europe [57][59][60] Question: Consumer environment and channel performance [64] - Response: The company does not see significant consumer pressure in North America or Europe, with private label shares stable and consistent category growth [65][66][68] Question: Enterprise markets and assumptions for China and the Middle East [71] - Response: Enterprise markets grew 6% for the year, with Latin America up 15% The company assumes annualization of headwinds in China and the Middle East, with potential for improvement in the upper end of the guidance range [72][73] Question: Pricing elasticity and promotional environment [76] - Response: Pricing and mix have been positive contributors for 19 years, with a stable promotional environment in North America and Europe [77] Question: Commodity outlook and transportation costs [79] - Response: The commodity headwind for fiscal 2025 is primarily driven by pulp, with transportation costs remaining stable [80][81] Question: Beauty segment performance and growth potential [85] - Response: Excluding SK-II, the beauty segment grew 6% in Q4 and 7% for the year, with strong performance in hair care and personal care brands [87][88] Question: China market dynamics and portfolio performance [91] - Response: The company expects China to return to mid-single-digit growth over time, with stable run rates and strong performance in baby care and hair care [92][93][95] Question: Investment levels in trade spending and advertising [97] - Response: The company is satisfied with the payout from increased media spend, which is driving market growth and sales growth in key regions [99][100] Question: Promotions and mid-tier product innovation [104] - Response: The company remains focused on delivering superior value at every price tier, with innovation driving growth in mid-tier products like Luvs [105][107] Question: SK-II brand performance and portfolio fit [111] - Response: The company is transitioning its portfolio to better align with digital channels in China, with a focus on creating value in both brick-and-mortar and online channels [113] Question: North America consumer trends and pricing annualization [115] - Response: The company expects price mix neutralization to continue through the first half of fiscal 2025, with stable volume growth [116] Question: Olympic sponsorship and brand building [118] - Response: The company views Olympic sponsorship as a brand-building opportunity, with activation focused on regions closer to the event [119][120] Question: Long-term strategy and performance [121] - Response: The company's strategy has delivered strong results over the past six years, with significant sales, profit, and market cap growth, and remains confident in its ability to navigate future challenges [122][123]

Key TakeawaysProcter & Gamble posted a decline in sales of beauty products and diapers, and shares tumbled Tuesday.The consumer products giant missed revenue estimates, although adjusted profit was better than expected.P&G also faced what it called "unfavorable foreign exchange impacts." Shares of Procter & Gamble (PG) tumbled Tuesday when the consumer products giant missed revenue estimates as sales of its beauty products and diapers declined. P&G reported fiscal 2024 fourth-quarter revenue was basically u ...

Cincinnati-based consumer goods firm Procter & Gamble Co (NYSE:PG) reported mixed fiscal fourth-quarter results this morning. While earnings surpassed expectations as volume increased for the first time in more than two years thanks to strong demand for several key segments, revenue missed Wall Street's estimates. In response, PG was last seen 5.8% lower at $159.93.Options traders are targeting Procter & Gamble stock following the results. So far today, 11,000 puts and 11,000 calls have exchanged hands, whi ...

Procter & Gamble (PG) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.19%. A quarter ago, it was expected that this world's largest consumer products maker would post earnings of $1.42 per share when it actually produced earnings of $1.52, delivering a surprise of 7.04%.Over the las ...

Procter & Gamble's Tide detergent can be seen on display at a new Wal-Mart store in Chicago January 24, 2012.Procter & Gamble on Tuesday reported mixed quarterly results, but the company's volume increased for the first time in more than two years.Volume excludes pricing, making the metric a more accurate reflection of demand than sales. Over the last several years, P&G's price hikes across its portfolio, from diapers to detergent, fueled its sales growth, but volume flattened or even declined as consumers ...

News Release The Procter & Gamble Company One P&G Plaza Cincinnati, OH 45202 P&G ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2024 RESULTS Q4 '24: Net Sales 0%; Organic Sales +2%; Diluted EPS -7%; Core EPS +2% FY '24: Net Sales +2%; Organic Sales +4%; Diluted EPS +2%; Core EPS +12% CINCINNATI, July 30, 2024 - The Procter & Gamble Company (NYSE:PG) reported fourth quarter and fiscal year 2024 results. "Fiscal year 2024 was another year of strong results for P&G," said Jon Moeller, Chairman of the Board, Presiden ...

The Procter & Gamble Company (PG) , also known as P&G, is set to report fourth-quarter fiscal 2024 results on Jul 30, before the opening bell. The company is expected to have witnessed sales growth in the to-be-reported quarter.The Zacks Consensus Estimate for fiscal fourth-quarter revenues is pegged at $20.7 billion, suggesting a 0.9% rise from the prior-year quarter’s reported figure. The consensus mark for PG’s fiscal fourth-quarter earnings is pegged at $1.37 per share, indicating flat results compared ...

Alones CreativeIntroduction The Procter & Gamble Company (NYSE:PG) is one of the stocks in my portfolio that I sometimes forget about - simply because the company is very robustly positioned and prudently managed. My last update on PG was published in April 2024, and in the article before that (October 2022) I looked at PG's free cash flow, including acquisitions, and compared it to its U.K. competitor Unilever plc (UL, OTCPK:UNLYF). P&G will report its fourth-quarter and full-year 2024 results on Tuesd ...