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Earnings are anticipated to be flat to up 4% from the previous year's $5.81 per share. The company reported fiscal 2022 sales of $80.2 billion and earnings of $5.81 per share.įor fiscal 2023, P&G foresees sales to be flat to up 2% from the prior year.
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In the list of updates, locate and select update KB3114560, and then click Uninstall. Use one of the following procedures, depending on the operating system that you're running. That's 2 cents shy of what Wall Street expected. Go to Start, enter Run, and then click Run. the entire interaction Get the free email viewer to open Outlook emails. P&G earned $3.05 billion, or $1.21 per share, for the April through June period. will be displayed in a window Download your free copy of the free Outlook. Its brands include Tide detergent, Gillette razors and Pampers diapers. The company reported sales growth in its health care, fabric and home care and baby, feminine and family care segments. This topped the $19.39 billion that analysts surveyed by Zacks Investment Research were looking for. We began the new fiscal year with consumers facing inflation levels not seen in the last 40 years," Chairman and CEO Jon Moeller said during a conference call.ĭespite consumers' growing concerns, P&G's revenue climbed to $19.52 billion from $18.9 billion during the quarter, helped by higher prices. “The operational cost and currency challenges we faced over the last two years will continue in fiscal 2023. Like many businesses, P&G is dealing with consumers pulling back on their spending as they worry about inflation and a possible recession. Shares of the Cincinnati-based company dropped 5% in morning trading Friday.
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Procter & Gamble's sales rose 3% in the fiscal fourth quarter, but the world's largest consumer products maker gave a lackluster fiscal 2023 sales forecast as it contends with rising commodity and freight costs.