Higher prices for its products helped Procter & Gamble (PG) post better-than-expected quarterly results, and shares rose more than 3% in early trading on Friday to thei𓆉r highest level since April 2022, although the consumer products maker warned about fiscal 2024 sales.

P&G posted fiscal 2023 fourth-quarter earnings per share of $1.37, with revenue up 5% to $20.55 billion. Both were above estimates. 澳洲幸运5官方开奖结果体彩网:Organic sales grew 8%, which the company said was attributable to a 7% gain from higher pricing and a 2% rise from a favorable mix of products. Shipment volumes declined 1%.

All of P&G’s segme𒐪nts had organic sales increases, led by an 11% jump in beauty products and a 9% advance in baby, feminine, and family care products. 

澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Jon Moe💞ller said the solid results came despite the company's facing “significa𒀰nt cost headwinds.” He added that P&G anticipates that it will be dealing with “continued macroeconomic and geopolitical challenges” in the new fiscal year.

P&G predicted 2024 re🅰venue would increase 3% to 4%, below forecasts. It projected EPS would rise 6% to 9%, while analysts were looking for 8.8%.