Fiscal 2022 was a very strong year. This year we grew markets and drove top-line growth, bottom-line growth and strong cash generation. We delivered broad-based, strong top-line growth across categories and regions, with all 10 of our product categories growing organic sales. Market share held or grew globally in 36 of our top 50 categories and country combinations for the year. The Company saw earnings growth in the face of significant cost headwinds. And we continued our strong return of cash to P&G shareowners, increasing our dividend by 5% during the fiscal year – the 66th consecutive year of increases.
“Fiscal year 2022 was another strong year,” said Jon Moeller, Chairman of the Board, President and Chief Executive Officer. “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.”
Consumers continue to prefer P&G brands and the superior performance they provide as inflation continues to impact household budgets. Our superiority strategy continues to generate market growth in our categories, as well as share growth for P&G as consumers gravitate toward the value our products provide.
See www.pginvestor.com/event for P&G's full Q4 and FY 2022 earnings release issued July 29, 2022, the associated webcast presentation, definitions of non-GAAP measures and reconciliation to the most closely related GAAP measure, as well as cautionary information on forward-looking statements, which are based on current assumptions and subject to risks and uncertainties that may cause actual results to differ materially.