The Procter & Gamble Company (NYSE: PG) reported fourth quarter 2021 earnings results today.
Net sales increased 7% year-over-year to $18.9 billion. Organic sales increased 4%.
GAAP net income rose 4% to $2.9 billion while GAAP EPS grew 6% to $1.13 compared to the same period a year ago. Core EPS fell 3% to $1.13.
Both the top and bottom line numbers surpassed market projections.
For the full year of 2022, P&G expects both reported and organic sales to grow 2-4% year-over-year. GAAP EPS is expected to grow 6-9% versus GAAP EPS of $5.50 in FY2021. Core EPS is expected to grow 3-6% versus core EPS of $5.66 in FY2021.
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