The Procter & Gamble Company (NYSE: PG) reported its first quarter 2023 earnings results today.
Net sales inched up by 1% to $20.6 billion compared to the same period a year ago. Organic sales grew 7%.
Net earnings attributable to Procter & Gamble decreased 4% to $3.9 billion while EPS dropped 2% to $1.57 compared to last year. Core EPS fell 2% to $1.57.
For FY2023, P&G expects all-in sales to be down 3% to 1% versus the prior year while organic sales are expected to grow 3-5%.