Procter & Gamble (PG) Misses Q4 EPS by 2c, Revenues Beat

Procter & Gamble (NYSE: PG) reported Q4 EPS of $1.21, $0.02 worse than the analyst estimate of $1.23. Revenue for the quarter came in at $19.5 billion versus the consensus estimate of $19.37 billion.

“Fiscal year 2022 was another strong year,” said Jon Moeller, Chairman of the Board, President and Chief Executive Officer. “The P&G team’s execution of our integrated strategies delivered strong top-line growth, earnings growth, and significant cash return to shareowners in the face of severe cost and operational headwinds. As we look forward to fiscal 2023, we expect another year of significant headwinds. We remain committed to our integrated strategies of superiority, productivity, constructive disruption and an agile and accountable organization structure. They remain the right strategies to step forward into the near-term challenges we are facing and continue to deliver balanced growth and value creation.”

GUIDANCE:

Procter & Gamble sees FY2023 EPS of $5.93 at the midpoint, versus the consensus of $6.12. P&G expects fiscal year 2023 all-in sales growth in the range of in-line to up two percent versus the prior fiscal year.

For earnings history and earnings-related data on Procter & Gamble (PG) click here.

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