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Procter & Gamble This autumn 2022: Gross sales up 3 %; EPS rises 7 %

THE WHAT? Procter & Gamble has printed its outcomes for the ultimate quarter and full yr of fiscal 2022. The US FMCG big noticed internet gross sales rise 3 % within the closing quarter, giving rise to a 5 % improve in internet gross sales over fiscal 2022.

THE DETAILS Diluted internet earnings per share had been US$5.81, a rise of 6 % versus the prior yr GAAP EPS.

By way of efficiency by sector, each magnificence and grooming noticed gross sales drop within the April to June 2022 quarter (-1 % and -3 % respectively), whereas well being care, cloth and residential care all gained floor, rising 5 %, 4 % and three % respectively.

The corporate forecast gross sales progress of as much as 2 % for fiscal 2023 with internet earnings per share rising 4 %.

THE WHY? Jon Moeller, Chairman of the Board, President and Chief Government Officer, commented, “Fiscal yr 2022 was one other robust yr. The P&G workforce’s execution of our built-in methods delivered robust top-line progress, earnings progress, and vital money return to shareowners within the face of extreme value and operational headwinds. As we sit up for fiscal 2023, we anticipate one other yr of serious headwinds. We stay dedicated to our built-in methods of superiority, productiveness, constructive disruption and an agile and accountable group construction. They continue to be the suitable methods to step ahead into the near-term challenges we face and proceed to ship balanced progress and worth creation.”

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