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P&G Reports $21B in 1st-Quarter Sales

Procter & Gamble (P&G), parent company of Procter & Gamble Professional (P&G PRO), has reported fiscal first-quarter net sales of US$21.9 billion, an increase of 6% from a year earlier.

The company reported an operating income of $5.76 billion, a jump of 17% from $4.93 billion a year ago. Net sales for P&G’s health care division rose 11%, while sales in its beauty segment improved 3% from last year. The company’s fabric and home care division raised sales 8%, while its baby, feminine, and family care segment saw a 5% sales bump.

“We delivered very strong results in the first quarter of fiscal year 2024, putting us on track to deliver towards the higher end of our fiscal year guidance ranges for organic sales and core EPS growth,” said Jon Moeller, P&G president and CEO. “We remain committed to our integrated strategy of a focused product portfolio of daily use categories where performance drives brand choice, superiority—across product performance, packaging, brand communication, retail execution, and consumer and customer value—productivity, constructive disruption, and an agile and accountable organization. The P&G team’s execution of this strategy has enabled us to build and sustain strong momentum. We have confidence this remains the right strategy to deliver balanced growth and value creation.”

About Procter & Gamble Professional
Procter & Gamble Professional is the away-from-home division of Procter & Gamble, serving the food service, building cleaning and maintenance, hospitality, and convenience store industries. For more information, visit www.pgpro.com.