The Procter & Gamble Company (NYSE: PG) reported second quarter 2023 earnings results today.
Net sales dropped 1% year-over-year to $20.8 billion. Organic sales grew 5%.
Net earnings attributable to Procter & Gamble declined 7% to $3.9 billion while EPS fell 4% to $1.59. Core EPS was also down 4% to $1.59.
Sales beat estimates while earnings were in line with expectations.
For FY2023, P&G expects organic sales to increase 4-5% versus the prior year.