P&G Announces Fiscal Year 2024 First Quarter Results
Operating margin for the quarter increased 240 basis points versus the prior year, 340 basis points on a currency-neutral basis.
- Operating margin for the quarter increased 240 basis points versus the prior year, 340 basis points on a currency-neutral basis.
- P&G maintained its fiscal 2024 diluted net earnings per share growth in the range of six to nine percent versus fiscal 2023 EPS of $5.90.
- The Company said it expects tailwinds of approximately $800 million after tax due to favorable commodity costs for fiscal year 2024.
- Capital spending is now estimated to be approximately 4.5% of fiscal 2024 net sales.