The Procter Gamble
PG
$152.27 0.14%
Exchange: NYSE | Sector: Consumer Defensive | Industry: Household Personal Products
Q3 2024
Published: Apr 19, 2024

Earnings Highlights

  • Revenue of $20.20B up 0.6% year-over-year
  • EPS of $1.52 increased by 10.6% from previous year
  • Gross margin of 51.2%
  • Net income of 3.75B
  • ""The strong results we've delivered in the first three quarters of fiscal 2024 enable us to raise our outlook for core earnings per share and keep us on track to deliver within our fiscal year guidance ranges for organic sales growth, cash productivity, and cash return to shareowners."" - Andre Schulten, CFO

The Procter & Gamble Company (PG) Q3 2024 Financial Results: Strong Growth Amid Ongoing Challenges

Executive Summary

The Procter & Gamble Company (PG) delivered solid performance in Q3 2024, with organic sales growth of 3% year-over-year driven primarily by pricing and stable volumes despite ongoing challenges in certain markets. Notably, P&G's core EPS rose to $1.52, an 11% increase compared to the previous year, showcasing resilience in profitability amid a volatile operating environment. Management expressed confidence in achieving FY2024 guidance for core EPS growth of 10-11%, highlighting strategic investments in brand and product superiority, although headwinds from inflation and currency fluctuations remain a concern.

Key Performance Indicators

Revenue

20.20B
QoQ: -5.81% | YoY:0.63%

Gross Profit

10.34B
51.20% margin
QoQ: -8.47% | YoY:7.00%

Operating Income

4.46B
QoQ: 0.61% | YoY:4.99%

Net Income

3.75B
QoQ: 8.25% | YoY:10.51%

EPS

1.56
QoQ: 8.33% | YoY:10.64%

Revenue Trend

Margin Analysis

Key Insights

  • **Revenue:** $20.20 billion, up 3% YoY.
  • **Net Income:** $3.75 billion, up 10.51% YoY.
  • **EPS:** $1.52 (diluted), up 8.33% QoQ.
  • **Gross Profit Margin:** 51.2%, up from 48.2% YoY.
  • **Operating Income Margin:** 22.1%, reflecting solid cost management strategies.

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 21,882.00 1.88 +2.1% View
Q1 2025 21,737.00 1.58 -0.6% View
Q4 2024 20,532.00 1.27 -0.1% View
Q3 2024 20,195.00 1.52 +0.6% View
Q2 2024 21,441.00 1.41 +3.2% View