4/20/2021, 1:03 PM (Source: TeleTrader)
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P&G: Q3 net sales at $18.1 billion, up 5% YoY

The Procter & Gamble Company (P&G) revealed on Tuesday that its net sales rose by 5% year-on-year to $18.1 billion in the third fiscal quarter of 2021.

In the three-month period ending with March 31, 2021, gross profit hit $9.2 billion, up 8% compared to the corresponding time span in 2020, while operating income increased 10% on a yearly basis to $3.8 billion. Net earnings were also 10% higher annually, standing at $3.2 billion in the third trimester. Diluted net earnings per share stood at $1.26, growing 13% year-over-year.

"We remain focused on executing our strategies of superiority, productivity, constructive disruption and improving P&G's organization and culture. These strategies enabled us to build strong business momentum before the COVID crisis and accelerate our progress during the crisis, and they remain the right strategies to deliver balanced growth and value creation over the long term," Chairman, President and CEO David Taylor commented in the press release.

The company's shares were 0.07% higher premarket after the results were released.

Baha Breaking News (BBN) / MS