The Procter & Gamble Company (PG)

Sector: Consumer Staples|Industry: Household & Personal Products|Market Cap: $414.56B|Employees: 108K


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.

  1. Filings

Filing Highlights

Financial Performance

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

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG Initiatives

Market Environment