Also Raises Outlook for the Full Fiscal Year
P&G released results today for the first quarter of our 2020 fiscal year. Our focused strategies continue to drive improved results, with organic sales growth of 7%, and Core EPS of $1.37, up 22%. P&G grew organic sales in all 10 global categories in Q1 FY20, and delivered growth of 4% or more in each geographic region.
“We delivered strong top-line growth, profit margin expansion and cash productivity in the first quarter, enabling us to increase our outlook for fiscal year results,” said David Taylor, Chairman, President and Chief Executive Officer. “We will continue executing our strategies of superiority, productivity, constructive disruption and improving P&G’s organization and culture to deliver balanced top-line and bottom-line growth along with strong cash generation in a challenging competitive and macroeconomic environment.”