Company News, Financial News

P&G’s Fiscal 2023 Net Sales Rise 2%

Beauty segment organic sales increased 11%.

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By: Lianna Albrizio

Associate Editor

Net sales for P&G reached $82 billion in fiscal year 2023, an increase of 2% versus the year prior.    Organic sales, which exclude the impacts of foreign exchange and acquisitions and divestitures, increased 7%. The organic sales growth was due to a 9% increase from higher pricing and a 1% increase from favorable mix, partially offset by a 3% decrease in shipment volumes.   The company reported fiscal year 2023 fourth quarter net sales of $20.6 billion, an increase of 5% ve...

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