Procter and Gamble (NYSE: PG) 4Q19 Results: Innovations and Increased Pricing Driving Growth

Executive Summary

• P&G reported net sales of $17.1 billion for the fourth quarter of fiscal 2019, an increase of 3.6% compared to the same period last year. Organic sales were up 7% versus last year.
• The health care and fabric and home care segments recorded the highest organic sales growth at 10% year over year, with net sales of $2.0 billion in health care and $5.7 billion in fabric and home care.
• For fiscal 2020, P&G targets organic sales growth in the range of 3-4% and net sales up 3-4%.