Why Procter & Gamble Shares Are Gaining Today
Portfolio Pulse from Shivani Kumaresan
Procter & Gamble Co (NYSE:PG) reported Q4 FY23 sales growth of 5% YoY to $20.55 billion, beating the analyst consensus. Organic sales increased 8%, driven by higher pricing and a favorable product mix. The company returned over $16 billion of value to shareholders in fiscal 2023 via dividends and share repurchases. For FY24, P&G expects organic sales growth of 4%-5% and EPS of $6.25-$6.43.
July 28, 2023 | 11:40 am
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POSITIVE IMPACT
Procter & Gamble reported strong Q4 FY23 results, beating sales estimates and returning significant value to shareholders. The company's outlook for FY24 is also positive.
Procter & Gamble's strong Q4 FY23 results and positive outlook for FY24 are likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100