Procter & Gamble announced its third-quarter earnings for 2024, showing strong growth in key markets. The company reported a revenue increase of 5% compared to the same period last year, driven by robust demand for its household and personal care products.
Net income for the quarter reached $3.5 billion, up from $3.2 billion in the previous year. The earnings per share (EPS) came in at $1.45, exceeding analysts\“ expectations of $1.38. This performance reflects P&G\“s successful cost-cutting measures and strategic investments in innovation.
Looking ahead, Procter & Gamble expects continued growth in the fourth quarter, with projected revenue growth of 4-6%. The company remains focused on expanding its digital capabilities and enhancing its product portfolio to meet evolving consumer needs. |