P&G said net sales for Q3 of fiscal 2024 (January–March quarter) rose 1% versus the prior year to $20.2 billion, and diluted EPS rose 11% to $1.52. Organic sales increased 3%.

1. 01

   P&G said net sales for Q3 of fiscal 2024 (January–March quarter) rose 1% versus the prior year to $20.2 billion, and diluted EPS rose 11% to $1.52. Organic sales increased 3%.

2. 02

   The company said its reported gross margin for Q3 rose 300 basis points versus the prior year, and SG&A as a percentage of sales rose 210 basis points. The company cited productivity savings of 260 basis points, favorable commodity costs of 130 basis points and higher pricing of 130 basis points as drivers of the increase in core gross margin.

3. 03

   The company said operating cash flow for Q3 was $4.1 billion and net earnings were $3.8 billion, and adjusted free cash flow productivity was 87%. It returned $3.3 billion to shareowners, including dividend payments of about $2.3 billion and share repurchases of $1 billion.

4. 04

   The company said it raised its fiscal 2024 diluted EPS growth outlook from a range of -1% to flat to a range of 1 to 2%, and its core EPS growth outlook from 8 to 9% to 10% to 11%. It maintained its all-in sales growth outlook of 2 to 4% and its organic sales growth outlook of 4 to 5%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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