The Procter & Gamble Company provided earnings guidance for the year 2024. P&G maintained its guidance range for fiscal 2024 all-in sales growth to be in the range of 2% to 4% versus the prior year. Foreign exchange is expected to be a headwind of approximately one to two percentage points to all-in sales growth.

The Company also maintained its outlook for organic sales growth in the range of four to five percent. P&G adjusted its fiscal 2024 diluted net earnings per share growth from a range of 6% to 9% to a range of -1% to in-line versus fiscal 2023 EPS of $5.90. This change is due to the impairment of the Gillette intangible asset value discussed above and the two-year restructuring program announced by the Company last month.

P&G raised its fiscal 2024 core net earnings per share growth from a range of 6% to 9% to a range of 8% to 9% versus fiscal 2023 EPS. This outlook equates to a range of $6.37 to $6.43 per share.