Procter & Gamble Company reported $19.3 net sales for Q1 2021, up 9% from the prior year, according to the press release. Diluted earnings per share (EPS) rose 20% from the prior year to $1.63 while Core EPS grew 19%. Company’s EPS rose 22% versus prior year results on a currency-neutral basis.

  • P&G expects to pay $8 billion dividends in fiscal 2021 and increased outlook for common stock repurchases from a $6-8 billion range to a $7-9 billion range in fiscal 2021
  • Company expects GAAP diluted EPS growth to range between 4-9% versus fiscal 2020’s $4.96
  • P&G raises guidance for core earnings per share growth from a 3-7% range to 5-8%  versus fiscal 2020’s $5.12
  • Company plans to return $15-17 billion cash to shareholders in fiscal 2021
  • P&G estimates free cash flow productivity to be about 95% for fiscal 2021
  • Q1 2021 quarterly cash flows were $4.7 billion while free cash flow productivity was 95% 
  • P&G returned $4 billion cash to shareholders via $2 billion dividend payments and another $2 billion of common stock repurchases.

Procter & Gamble stock is gaining on strong quarterly results. PG: NYSE is up 2.04%