NYSE$PG
Procter & Gamble Co · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Procter & Gamble announced Q4 and Fiscal Year 2021 results, exceeding targets with balanced growth and strong cash generation.
Procter & Gamble reported a 7% increase in net sales for Q4 2021, reaching $18.9 billion. Diluted net EPS increased by 6% to $1.13. Organic sales grew by 4%.
- Net sales increased by 7% versus the prior year.
- Organic sales increased by 4% driven by volume, pricing and mix.
- Diluted net earnings per share increased by 6% versus the prior year reported EPS.
- The company expects to continue to grow top-line and bottom-line in fiscal year 2022.
Headline financials
Revenue & EPS history
Procter & Gamble · Revenue · Quarterly
$18.9B
Revenue by segment
Procter & Gamble · $18.9B total across 6 segments · Q4 2021
- Fabric & Home Care$6.6B+5.3%34.8%
- Baby, Feminine & Family Care$4.67B+1.3%24.6%
- Beauty$3.51B+10.8%18.5%
- Health Care$2.38B+18.2%12.6%
- Grooming$1.67B+10.0%8.8%
- Corporate$125M+40.4%0.7%
Forward guidance
P&G expects fiscal year 2022 all-in sales growth in the range of two to four percent and organic sales growth also in the range of two to four percent. P&G expects fiscal 2022 GAAP diluted net earnings per share growth in the range of six to nine percent versus fiscal 2021 GAAP EPS of $5.50. Core earnings per share growth for fiscal 2022 is expected to be in the range of three to six percent versus fiscal 2021 core EPS of $5.66.
Tailwinds
- All-in sales growth in the range of two to four percent.
- Organic sales growth also in the range of two to four percent.
- GAAP diluted net earnings per share growth in the range of six to nine percent.
- Core earnings per share growth in the range of three to six percent.
- Expects to pay over $8 billion in dividends and repurchase $7 billion to $9 billion of common shares in fiscal 2022.
Headwinds
- Headwinds of approximately $1.9 billion after-tax from higher commodity costs and freight costs.
- Foreign exchange benefits of approximately $100 million after-tax, partially offsetting headwinds.
- The combined impact of commodities, freight and foreign exchange is approximately a $0.70 per share headwind to fiscal year 2022 EPS.
- Core effective tax rate in the range of 18% to 19% in fiscal 2022.
- Capital spending is estimated to be in the range of 4% to 5% of fiscal 2022 net sales.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2021
+0.2%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+1.4%
Avg return
30 days after
60%
43 / 72 earnings
Positive
+7.9%
Q1 2019
Best reaction
-7.2%
Q3 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +1.8% | +0.5% | -0.8% | |
| Q2 2026 | +2.7% | +1.6% | +10.1% | |
| Q1 2026 | -0.5% | -2.3% | -0.8% | |
| Q3 2025 | -3.7% | -2.1% | +0.1% | |
| Q2 2025 | +2.7% | +4.9% | +5.3% | |
| Q1 2025 | -1.6% | -1.6% | -1.6% | |
| Q4 2024 | -5.4% | +0.1% | +0.1% | |
| Q3 2024 | +2.1% | +3.4% | +6.6% | |
| Q2 2024 | +2.9% | +5.6% | +8.6% | |
| Q1 2024 | +1.4% | +1.3% | +3.3% | |
| Q4 2023 | +2.8% | +2.9% | +0.9% | |
| Q3 2023 | +3.6% | +2.5% | +1.5% | |
| Q2 2023 | -2.3% | -3.1% | -4.4% | |
| Q1 2023 | -1.1% | +0.8% | +11.1% | |
| Q4 2022 | -3.5% | -2.1% | -3.9% | |
| Q3 2022 | +2.0% | +2.0% | -11.1% | |
| Q2 2022 | +3.4% | +2.9% | +2.0% | |
| Q1 2022 | -0.8% | -1.1% | +3.4% | |
| Q4 2021 | +1.7% | +2.1% | +2.0% | |
| Q3 2021 | +0.2% | -2.0% | +1.0% | |
| Q2 2021 | -1.9% | -1.0% | -4.9% | |
| Q1 2021 | +0.9% | +0.3% | -1.7% | |
| Q4 2020 | +2.2% | +4.3% | +8.2% | |
| Q3 2020 | -0.7% | -1.7% | -5.7% | |
| Q2 2020 | -0.9% | -0.2% | +0.3% | |
| Q1 2020 | +3.3% | +3.5% | +1.1% | |
| Q4 2019 | +1.8% | +0.4% | +4.5% | |
| Q3 2019 | -2.2% | -0.1% | +0.7% | |
| Q2 2019 | +4.3% | +3.4% | +10.8% | |
| Q1 2019 | +7.9% | +11.5% | +16.9% | |
| Q4 2018 | +0.6% | +2.7% | +4.0% | |
| Q3 2018 | -5.6% | -7.3% | -6.1% | |
| Q2 2018 | -3.9% | -4.5% | -12.0% | |
| Q1 2018 | -4.7% | -5.2% | -3.5% | |
| Q4 2017 | +1.0% | +2.0% | +3.6% | |
| Q3 2017 | -2.6% | -3.2% | -3.1% | |
| Q2 2017 | +2.7% | +2.9% | +7.5% | |
| Q1 2017 | +3.9% | +3.3% | -1.7% | |
| Q4 2016 | -0.5% | -0.7% | +2.2% | |
| Q3 2016 | -1.9% | — | — | |
| Q2 2016 | +2.5% | — | — | |
| Q1 2016 | +3.5% | — | — | |
| Q4 2015 | -4.9% | — | — | |
| Q3 2015 | -2.5% | — | — | |
| Q2 2015 | -4.9% | — | — | |
| Q1 2015 | +3.3% | — | — | |
| Q4 2014 | +2.5% | — | — | |
| Q3 2014 | -0.1% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q1 2014 | +0.9% | — | — | |
| Q4 2013 | +1.2% | — | — | |
| Q3 2013 | -7.2% | — | — | |
| Q2 2013 | +4.8% | — | — | |
| Q1 2013 | +2.0% | — | — | |
| Q4 2012 | +3.6% | — | — | |
| Q3 2012 | -4.8% | — | — | |
| Q2 2012 | -2.5% | — | — | |
| Q1 2012 | -0.3% | — | — | |
| Q4 2011 | +0.4% | — | — | |
| Q3 2011 | +1.1% | — | — | |
| Q2 2011 | -1.6% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q4 2010 | -0.4% | — | — | |
| Q3 2009 | +0.8% | — | — | |
| Q3 2010 | +0.8% | — | — | |
| Q4 2008 | +0.5% | — | — | |
| Q4 2007 | +0.5% | — | — | |
| Q2 2010 | +1.2% | — | — | |
| Q2 2009 | +1.2% | — | — | |
| Q1 2009 | +1.3% | — | — | |
| Q1 2010 | +1.3% | — | — | |
| Q4 2009 | +1.3% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro