Procter & Gamble (PG) Tops Q1 EPS by 13c, Revenues Beat; Raises FY20 Sales Growth & Net Earnings Growth Outlook

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Go back to Procter & Gamble (PG) Tops Q1 EPS by 13c, Revenues Beat; Raises FY20 Sales Growth & Net Earnings Growth Outlook

P&G Announces Fiscal Year 2020 First Quarter Results

October 22, 2019 6:55 AM EDT

Net Sales +7%; Organic Sales +7%; Diluted Net EPS $1.36, +11%; Core EPS $1.37, +22%

RAISES SALES, EARNINGS AND ADJUSTED FREE CASH FLOW PRODUCTIVITY GUIDANCE

CINCINNATI--(BUSINESS WIRE)-- The Procter & Gamble Company (NYSE: PG) reported first quarter fiscal year 2020 net sales of $17.8 billion, an increase of seven percent versus the prior year. Excluding the net impacts of foreign exchange, acquisitions and divestitures, organic sales also increased seven percent. Diluted net earnings per share were $1.36, up 11% versus the prior year. Core earnings per share increased 22% to $1.37. Currency-neutral core EPS increased 24%... More