寶潔公司報告稱，儘管經濟不景氣，第三季仍實現溫和成長，每股盈餘超出預期

儘管面臨市場阻力，寶潔公司 (PG) 公佈 2024 財年第三季業績小幅成長。淨銷售額小幅成長 1%，有機銷售額成長 3%。值得注意的是，稀釋後每股淨利潤 (EPS) 飆升 11% 至 1.52 美元，超出預期 0.11 美元。寶潔保持了強大的現金流管理，並透過股利和股票回購延續了股東回報的傳統。該公司預計 2024 財年總銷售額將成長 2% 至 4%，稀釋後每股淨利潤將成長 1% 至 2%。

Procter & Gamble Reports Modest Growth in Fiscal Q3 Amidst Economic Challenges

寶潔公司報告第三季財政在經濟挑戰中溫和成長

January 25, 2023 - Cincinnati, Ohio

2023 年 1 月 25 日 - 俄亥俄州辛辛那提

The Procter & Gamble Company (NYSE: PG) has released its financial results for the third quarter of fiscal year 2024, demonstrating a resilient business model in the face of challenging market conditions.

寶潔公司（NYSE：PG）發布了 2024 財年第三季的財務業績，展現了面對充滿挑戰的市場條件時具有彈性的業務模式。

Slight Increase in Net Sales

淨銷售額小幅成長

The company's net sales marginally increased by 1% to reach $20.2 billion compared to the corresponding period in the previous fiscal year. This modest growth is attributed to the continued demand for P&G's essential consumer products.

與上一財年同期相比，該公司的淨銷售額小幅成長 1%，達到 202 億美元。這種溫和的成長歸因於對寶潔基本消費品的持續需求。

Organic Sales Growth Driven by Pricing

定價推動有機銷售成長

Excluding the impact of foreign exchange fluctuations, acquisitions, and divestitures, organic sales grew by a more robust 3%. This growth was primarily driven by a 3% increase from higher pricing, while volume and product mix remained largely neutral during the quarter.

剔除匯率波動、收購和資產剝離的影響，有機銷售額成長了 3%，更為強勁。這一成長主要是由於定價上漲 3%，而本季銷售和產品組合基本上保持中性。

Robust Diluted Net Earnings per Share

強勁的稀釋每股淨收益

Despite the moderate sales growth, the company's diluted net earnings per share (EPS) experienced a significant increase of 11% to $1.52, exceeding market expectations of $1.41. This growth is a reflection of both the increase in net sales and an improvement in core operating margin.

儘管銷售額成長溫和，但該公司的稀釋後每股淨利潤（EPS）大幅成長11%至1.52美元，超出市場預期的1.41美元。這一成長反映了淨銷售額的成長和核心營業利潤率的提高。

Strong Cash Flow Management

強大的現金流管理

P&G maintained its strong cash flow management during the quarter, with operating cash flow reaching $4.1 billion and net earnings totaling $3.8 billion. The company continued its commitment to shareholder returns, distributing approximately $3.3 billion through dividends and share repurchases.

寶潔本季維持了強勁的現金流管理，營運現金流達到 41 億美元，淨利總計 38 億美元。該公司繼續致力於股東回報，透過股息和股票回購分配了約 33 億美元。

Resilient Business Model and Strategic Focus

彈性商業模式和策略重點

Jon Moeller, Chairman of the Board, President, and Chief Executive Officer, attributed P&G's performance to its resilient business model and strategic focus on key categories of daily-use products where brand choice is driven by performance.

董事會主席、總裁兼執行長 Jon Moeller 將寶潔公司的業績歸功於其富有彈性的業務模式以及對日常用品關鍵類別的戰略重點，其中品牌選擇由業績驅動。

"Despite multiple headwinds, we delivered solid sales and strong earnings growth," Moeller stated. "Our commitment to an integrated strategy focusing on product superiority, productivity, constructive disruption, and an agile and accountable organization has enabled us to navigate challenging times effectively."

默勒表示：“儘管面臨多重阻力，我們仍實現了穩健的銷售和強勁的盈利增長。” “我們致力於制定專注於產品優勢、生產力、建設性顛覆以及敏捷、負責任的組織的綜合策略，這使我們能夠有效應對充滿挑戰的時期。”

Surpassing EPS Expectations

超越每股盈餘預期

P&G outperformed analysts' expectations in terms of diluted EPS, exceeding the estimated $1.41 by $0.11 or approximately 7.8%. This highlights the company's operational efficiency and cost management capabilities.

寶潔公司的攤薄每股收益超出了分析師的預期，比預期的 1.41 美元高出 0.11 美元，約 7.8%。這凸顯了公司的營運效率和成本管理能力。

Slightly Lower than Expected Revenue

收入略低於預期

While P&G's net sales were closely aligned with the predicted $20.44 billion, at $20.2 billion, it fell slightly short of the market consensus. This variance can be attributed to the challenging macroeconomic environment and headwinds from foreign exchange fluctuations.

儘管寶潔公司的淨銷售額為 202 億美元，與預測的 204.4 億美元非常接近，但仍略低於市場預期。這種差異可歸因於充滿挑戰的宏觀經濟環境和外匯波動的不利因素。

Fiscal 2024 Outlook

2024 財年展望

Looking ahead, P&G maintains its fiscal 2024 guidance, expecting all-in sales growth in the range of 2% to 4% compared to the previous year. Organic sales growth is projected to be between 4% to 5%. The company has raised its diluted EPS growth forecast to a range of 1% to 2% versus fiscal 2023 EPS of $5.90, up from an initial forecast of -1% to inline.

展望未來，寶潔維持 2024 財年指引，預計總銷售額較上年成長 2% 至 4%。有機銷售成長預計在 4% 至 5% 之間。該公司已將稀釋後每股收益成長預測上調至 1% 至 2%，而 2023 財年每股收益為 5.90 美元，高於最初預測的 -1% 至符合預期。

P&G anticipates facing headwinds from unfavorable foreign exchange rates and interest expenses but expects potential benefits from favorable commodity costs. The company remains focused on delivering shareholder value, with plans to pay over $9 billion in dividends and repurchase $5 to $6 billion of common shares in fiscal 2024.

寶潔公司預計將面臨不利的匯率和利息支出的不利影響，但預計有利的商品成本將帶來潛在的好處。該公司仍專注於提供股東價值，計劃在 2024 財年支付超過 90 億美元的股息並回購 5 至 60 億美元的普通股。

"Our strong brands, superior products, and a highly efficient supply chain position us well for continued growth in the years to come," Moeller said. "We remain confident in our ability to adapt to changing market dynamics and deliver superior results for our shareholders."

默勒表示：“我們強大的品牌、卓越的產品和高效的供應鏈使我們能夠在未來幾年持續成長。” “我們對適應不斷變化的市場動態並為股東提供卓越業績的能力仍然充滿信心。”