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.
Net sales for the quarter ended September 30, 2024, decreased by 1% to $21.7 billion compared to the same period in 2023. This decrease was primarily attributed to unfavorable foreign exchange rates, offsetting a 2% increase in organic sales.
Net earnings decreased by 12% year-over-year to $3.99 billion. This decline is largely attributed to higher restructuring charges and unfavorable foreign exchange impacts.
Core earnings per share (EPS), which excludes certain non-recurring items, increased by 5% year-over-year to $1.93. This indicates underlying strength in the business despite the overall net earnings decrease.