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 increased 1% to $43.6 billion for the six months ended December 31, 2024, driven by a 1% increase in both unit volume and higher pricing. However, unfavorable foreign exchange partially offset these gains. Excluding acquisitions, divestitures, and foreign exchange, organic sales increased 2%.
Net earnings were $8.6 billion, a 7% increase compared to the prior year, primarily due to the non-cash impairment charge on the Gillette intangible asset in the prior year. This was partially offset by higher restructuring charges in the current year related to the liquidation of operations in certain Enterprise Markets.
Gross margin decreased slightly by 10 basis points to 52.2% of net sales, driven by an unfavorable product mix and higher commodity costs. These negative impacts were partially offset by manufacturing productivity savings and increased pricing.