Procter & Gamble Reports Double-Digit Growth in Net Profit for Q3 2024
Friday, 19 April 2024, 12:03
PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates
Consumer goods company The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly.
Key Highlights:
- Core earnings increased to $1.52 per share in Q3 from $1.37 per share in the year-ago quarter, exceeding analyst forecasts.
- Net income attributable to the company grew to $3.75 billion or $1.52 per share, up from $3.40 billion or $1.37 per share in Q3 2023.
- Net sales grew marginally to $20.2 billion in the March quarter, with a 3% growth in organic sales.
“We delivered solid sales and strong earnings growth in the third quarter despite multiple headwinds, enabling us to raise our EPS growth guidance and maintain our top-line outlook for the fiscal year,” said Jon Moeller, CEO of Procter & Gamble.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.