Market Updates

P&G Lifts Earnings Outlook Despite Higher Commodities and Freight Cost

Scott Peters
20 Apr, 2022
New York City

    The Procter & Gamble Company said fiscal year third quarter 2022 revenues increased 7% to $19.4 billion, net income rose 4% to $3.4 billion, and diluted earnings per share increased 5% to $1.37 from $1.30 a year ago. The consumer products company reported quarterly sales increased in all divisions led by 13% in Health Care, 7% each in Fabric and Home Care, and Family and Baby, Feminine, and Family Care, 3% in Grooming, and 2% in Beauty segment. In the quarter, the company returned $3.4 billion to shareholders including $2.2 billion of dividend payments and $1.2 of share repurchase.

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