P&G reports rise in fourth quarter sales

Procter & Gamble reports fiscal-fourth quarter net sales of US$19.52b, an increase of 3 per cent from a year earlier.

Procter & Gamble (P&G), parent company of Procter & Gamble Professional (P&G PRO), has reported fiscal-fourth quarter net sales of US$19.52 billion, an increase of 3 per cent from a year earlier.

The company reported an operating income of $3.7 billion, a rise of 7 per cent from $3.78 billion a year earlier.

Net sales for P&G’s health care divisions increased 5 per cent, while sales in its beauty segment dipped 1 per cent.

The company’s fabric and home care division reported a 4 per cent increase in net sales and its baby, feminine, and family care segment raised sales 3 per cent.

Jon Moeller, chairman of the board, president, and CEO, said fiscal year 2022 was another strong year.

“The P&G team’s execution of our integrated strategies delivered strong top-line growth, earnings growth, and significant cash return to shareowners in the face of severe cost and operational headwinds. As we look forward to fiscal 2023, we expect another year of significant headwinds.

“We remain committed to our integrated strategies of superiority, productivity, constructive disruption and an agile and accountable organisation structure. They remain the right strategies to step forward into the near-term challenges we are facing and continue to deliver balanced growth and value creation.”

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