P&G Announces Fiscal Year 2024 Third Quarter Results
Operating margin for the quarter increased 90 basis points versus the prior year, 220 basis points on a currency-neutral basis.
- Operating margin for the quarter increased 90 basis points versus the prior year, 220 basis points on a currency-neutral basis.
- The Company now expects a benefit of approximately $900 million after tax from favorable commodity costs for fiscal year 2024.
- P&G now expects a core effective tax rate of 20% to 21% in fiscal 2024.
- Capital spending is estimated to be approximately 4% of fiscal 2024 net sales.