P&G Fiscal Year and Fourth Quarter EPS Exceed Expectations
The Procter & Gamble Company announced diluted net earnings per share for the fiscal year ending June 30, 2009 of $4.26, up 17 percent and exceeding the Company’s guidance range of $4.20 to $4.25. Net sales in the fiscal year reached $79.0 billion. Organic sales, which excludes the impacts of acquisitions, divestitures and foreign exchange, grew two percent for the fiscal year. Core EPS, which excludes the current year impact from the sale of the Folgers business and certain tax adjustments in the prior fiscal year, increased eight percent versus fiscal 2008. For the April – June quarter, diluted net earnings per share were $0.80, above the Company’s guidance range of $0.74 to $0.79 for the quarter.