Procter & Gamble (PG) Tops Q1 EPS by 2c

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Go back to Procter & Gamble (PG) Tops Q1 EPS by 2c

P&G Delivers Double-Digit Currency-Neutral Core Earnings Per Share Growth in First Quarter Fiscal 2016; First Quarter Core EPS $0.98, Currency-Neutral Core EPS +12%; Core Operating Profit Margin u

October 23, 2015 7:00 AM EDT

CINCINNATI--(BUSINESS WIRE)-- The Procter & Gamble Company (NYSE: PG) reported first quarter fiscal year 2016 currency-neutral Core earnings per share growth of 12% versus the prior year. Core earnings per share were $0.98, a decrease of one percent. Diluted net earnings per share were $0.91, an increase of 32%. Net sales were $16.5 billion, a decrease of 12% versus the prior year due primarily to significant foreign exchange impacts. Organic sales decreased one percent. Core operating profit margin increased 270 basis points with improvement in gross margin and SG&A costs.

Operating cash flow was $3.5 billion for the quarter. Adjusted free... More