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Sep 30, 2020
Procter & Gamble Q1 2021 Earnings Report
Procter & Gamble's Q1 2021 results were announced, showing strong organic sales growth and increased earnings per share.
Key Takeaways
Procter & Gamble reported a strong first quarter for fiscal year 2021, with net sales increasing by 9% to $19.3 billion. Organic sales also grew by 9%. Diluted net earnings per share increased by 20% to $1.63. The company has raised its outlook for fiscal year results.
Net sales increased by 9% compared to the prior year.
Organic sales also increased by 9%, driven by volume, pricing, and mix.
Diluted net earnings per share increased by 20% compared to the prior year.
The company returned $4 billion of cash to shareholders through dividends and stock repurchases.
Procter & Gamble
Procter & Gamble
Procter & Gamble Revenue by Segment
Revenue by Segment
Beauty Revenue
CapyFin.comGrooming Revenue
CapyFin.comHealth Care Revenue
CapyFin.comFabric & Home Care Revenue
CapyFin.comBaby, Feminine & Family Care Revenue
CapyFin.comCorporate Revenue
CapyFin.com Forward Guidance
P&G raised its outlook for fiscal year 2021 all-in sales growth to a range of 3% to 4% and organic sales growth to a range of 4% to 5%. The company expects GAAP diluted net earnings per share growth in a range of 4% to 9% and core earnings per share growth in a range of 5% to 8%.
Positive Outlook
- All-in sales growth is expected to be between 3% and 4%.
- Organic sales growth is expected to be between 4% and 5%.
- GAAP diluted net earnings per share growth is expected to be between 4% and 9%.
- Core earnings per share growth is expected to be between 5% and 8%.
- Adjusted free cash flow productivity is estimated to be around 95%.
Challenges Ahead
- There is an estimated 1% negative impact from foreign exchange.
- The outlook includes headwinds of approximately $325 million after-tax from foreign exchange impacts.
- The outlook includes headwinds of $50 million after-tax from higher freight costs.
- There is an estimated $150 million after tax headwind for the combined impacts of higher interest expense and lower interest income.
- These headwinds should be partially offset by approximately $175 million after-tax benefit from lower commodity costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income