The Procter & Gamble Company

PG
Sector

Consumer Staples

Industry

Household & Personal Products

Market Cap

$414.56B

Employees

108K

Company Overview

Procter & Gamble (P&G) is a leading multinational consumer goods company focused on providing trusted, branded products. Its primary revenue streams come from sales in approximately 180 countries and territories, with key markets including the US, China, and Europe. P&G's competitive advantages include strong brands, superior product quality, and efficient global operations.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Net sales increased by 3% to $21.441 billion in Q4 2023 compared to Q4 2022, driven by a 4% increase in pricing. This demonstrates resilience despite unfavorable foreign exchange impacts and a slight decrease in unit volume. Organic sales growth was 4%, indicating underlying strength.

Net earnings decreased by 12% to $3.493 billion in Q4 2023, primarily due to a $1.3 billion non-cash impairment charge related to Gillette and an 8% increase in SG&A spending. This highlights the impact of one-time events and increased marketing expenses.

Gross margin improved by 520 basis points to 52.7% of net sales, primarily due to productivity savings and lower commodity costs. This positive development partially mitigates the negative impact of increased SG&A and the impairment charge.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG Initiatives

3 Insights

Market Environment

3 Insights