Procter & Gamble (PG) Tops Q1 EPS and Revenues; Raises Outlook

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P&G Announces Fiscal Year 2021 First Quarter Results

October 20, 2020 7:00 AM EDT

Net Sales +9%; Organic Sales +9%;
Diluted Net EPS $1.63, +20% vs. prior year Reported EPS; +19% vs. prior year Core EPS
UPDATES GAAP EPS GUIDANCE TO REFLECT DEBT RESTRUCTURING; RAISES SALES,
CORE EPS, ADJUSTED FREE CASH FLOW PRODUCTIVITY AND CASH RETURN GUIDANCE

CINCINNATI--(BUSINESS WIRE)-- The Procter & Gamble Company (NYSE: PG) reported first quarter fiscal year 2021 net sales of $19.3 billion, an increase of nine percent versus the prior year. Excluding the net impacts of foreign exchange, acquisitions and divestitures, organic sales also increased nine percent. Diluted net... More