P&G books $14.9B profit, sees growth ahead

Category: Business

Procter & Gamble reported a profit of nearly $14.9 billion for the fiscal year ending June 30, a 1.5% increase from the previous year, with total sales rising 2.5% to $84 billion. The company also disclosed a $3.1 billion profit on $20.5 billion in sales for the fourth quarter, although sales fell short of Wall Street expectations. P&G raised prices by 1% in the latest quarter and 4% during the fiscal year, predicting total sales growth of 2% to 4% and organic sales growth of 3% to 5% for the coming year.

Keywords: Procter & Gamble, financial results, sales growth

Source: Cincinnati Enquirer

Update At: 7/30/2024

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