THE WHAT? Procter & Gamble has published its results for the final quarter and full year of fiscal 2022. The US FMCG giant saw net sales rise 3 percent in the final quarter, giving rise to a 5 percent increase in net sales over fiscal 2022.
THE DETAILS Diluted net earnings per share were US$5.81, an increase of 6 percent versus the prior year GAAP EPS.
In terms of performance by sector, both beauty and grooming saw sales drop in the April to June 2022 quarter (-1 percent and -3 percent respectively), while health care, fabric and home care all gained ground, rising 5 percent, 4 percent and 3 percent respectively.
The company forecast sales growth of up to 2 percent for fiscal 2023 with net earnings per share rising 4 percent.
THE WHY? Jon Moeller, Chairman of the Board, President and Chief Executive Officer, commented, “Fiscal year 2022 was another strong year. The P&G team’s execution of our integrated strategies delivered strong top-line growth, earnings growth, and significant cash return to shareowners in the face of severe cost and operational headwinds. As we look forward to fiscal 2023, we expect another year of significant headwinds. We remain committed to our integrated strategies of superiority, productivity, constructive disruption and an agile and accountable organization structure. They remain the right strategies to step forward into the near-term challenges we are facing and continue to deliver balanced growth and value creation.”
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
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Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
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Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
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Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
