Consumer Staples
Household & Personal Products
$414.56B
108K
Key insights and themes extracted from this filing
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.