Company News, Financial News

P&G Reports Net Sales of $20.6 Billion for Q1 2023

Net sales are up 1% versus the prior year.

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By: Lianna Albrizio

Associate Editor

The Procter & Gamble Company reported first quarter fiscal year 2023 net sales of $20.6 billion, an increase of 1% versus the prior year.    Organic sales increased 7%, excluding the impacts of foreign exchange, acquisitions and divestitures. This increase was driven by a 9% increase from higher pricing and a 1% increase from positive product mix, partially offset by a three percent decrease in shipment volumes. Unfavorable foreign exchange had a 6% impact on net sales.   Op...

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