The Procter & Gamble Company (NYSE: PG) reported fourth quarter 2023 earnings results today.
Net sales increased 5% year-over-year to $20.6 billion. Organic sales rose 8%.
Net earnings attributable to Procter & Gamble grew 11% to $3.4 billion while EPS rose 13% to $1.37 compared to last year. Core EPS rose 13% to $1.37.
Both revenue and earnings beat expectations allowing the stock to gain over 1% in premarket hours on Friday.
The company expects all-in sales growth of 3-4% for FY2024. Organic sales are expected to grow 4-5%.