Procter & Gamble Q3 Report 2024
The Procter & Gamble Company reported third quarter fiscal year 2024 net sales of $20.2 billion, an increase of one percent versus the prior year. Organic sales, which excludes the impacts of foreign exchange and acquisitions and divestitures, increased three percent. Diluted net earnings per share were $1.52, an increase of 11% versus the prior year.
Highlights
- Beauty segment organic sales increased three percent versus year ago. Skin and Personal Care organic sales declined low single digits due to lower sales of the super-premium SK-II brand, partially offset by volume growth from innovation in Personal Care. Hair Care organic sales increased high single digits driven by increased pricing in Latin America, Europe and North America.
- Grooming segment organic sales increased ten percent versus year ago driven primarily by higher pricing in Latin America and Europe. Volume growth was partially offset by unfavorable product mix.
- Health Care segment organic sales increased two percent versus year ago. Oral Care organic sales increased mid-single digits due to premium product mix, partially offset by volume declines mainly in Asia Pacific and North America. Personal Health Care organic sales increased low single digits driven by increased pricing, partially offset by volume declines due to lower incidence of cough and cold.
- Fabric and Home Care segment organic sales increased three percent versus year ago. Fabric Care organic sales increased low single digits due to increased pricing and favorable geographic mix due to growth in North America and Europe. Home Care organic sales increased high single digits due to increased pricing and volume growth from innovation.
- Baby, Feminine and Family Care segment organic sales were unchanged versus year ago. Baby Care organic sales decreased mid-single digits due primarily to pricing-related volume declines, partially offset by favorable product mix and devaluation-related price increases. Feminine Care organic sales increased low single digits driven by increased pricing and favorable product mix, partially offset by pricing-related volume declines. Family Care organic sales increased low single digits due to volume growth, partially offset by unfavorable product mix.
