The company reported sales growth in its health care, fabric and home care and baby, feminine and family care segments. Its brands include Tide detergent, Gillette razors and Pampers diapers.
P&G earned $3.05 billion, or $1.21 per share, for the April through June period. That's 2 cents shy of what Wall Street expected.
The company reported fiscal 2022 sales of $80.2 billion and earnings of $5.81 per share.
For fiscal 2023, P&G foresees sales to be flat to up 2% from the prior year. Earnings are anticipated to be flat to up 4% from the previous year's $5.81 per share. Analysts polled by FactSet expect sales of $81.89 billion and earnings of $6.02 per share.