Q4 2024 Procter & Gamble Co Earnings Call Transcript
Key Points
- Procter & Gamble Co (PG) achieved 4% organic sales growth for the fiscal year, marking the sixth consecutive year of 4% or better growth.
- Core earnings per share (EPS) increased by 12% to $6.59, with core gross margin improving by 360 basis points.
- E-commerce sales grew by 9%, now representing 18% of total company sales.
- The company returned over $14 billion to shareholders through dividends and share repurchases.
- Procter & Gamble Co (PG) saw broad-based growth across most product categories and regions, with 9 out of 10 product categories growing in Q4.
- Greater China organic sales declined by 9% for the fiscal year, driven by soft market conditions and brand-specific headwinds.
- Volume trends in some Europe enterprise and Asia Pacific, Middle East Africa countries remained soft.
- Global aggregate market share was down by 30 basis points as the company annualized strong growth in European focus markets.
- Core operating margin decreased by 100 basis points in Q4, despite strong productivity improvements.
- The company faces ongoing headwinds from input costs, currencies, and geopolitical challenges, which are expected to persist into fiscal 2025.
Please stand by for streaming text.
Good morning and welcome to Procter & Gamble's quarter-end conference call. Today's event is being recorded for replay. This discussion will include a number of forward-looking statements. If you will refer to P&G's most recent 10-K, 10-Q and 8-K reports, you will see a discussion of factors that could cause the Company's actual results to differ materially from these projections. As required by Regulation G, Procter & Gamble needs to make you aware that during the discussion, the Company will make a number of references to non-GAAP and other financial measures. Procter & Gamble believes these measures, provide investors with useful perspective on underlying business trends and has posted on its Investor Relations website, www.pginvestor.com, a full reconciliation of non-GAAP financial measures.
Now I will turn the call over to P&G's Chief Financial Officer, Andre Schulten.
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