(P&G) P&G reported net sales of $18.9 billion in the fourth quarter, up 7% from the same period last year, and more than estimated $18.41 billion.
The company’s diluted EPS in the fourth quarter was $1.13, up 6% year over year, and more than expected $1.08.
For FY21, P&G’s sales were $76.1 billion, up 7% from FY20, while the diluted EPS for 2021 was $5.50, up 11% from last year.
P&G expects 2-4% sales and organic sales growth in FY22 from the current year.
The company projects diluted EPS to grow in the range of 6-9% in FY22 from the current year, with core EPS growing between 3-6% in the same period.
The company estimates capital spending in the range of 4-5% of FY22 sales levels.
P&G targets adjusted productivity of free cash flows of 90%. The company projects payments of over $8 billion in dividends and repurchase of $7 billion to $9 billion of common shares in FY22.
PG: NYSE reacts to news +3.0%.
