The Procter & Gamble (PG) Revenue — Quarter Ended Dec 31, 2023
Revenue rose compared to the same period a year earlier, though it declined from the immediately preceding quarter. The sequential decline narrowed from the prior quarter’s growth rate.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q2
Revenue rose compared to the same period a year earlier, though it declined from the immediately preceding quarter. The sequential decline narrowed from the prior quarter’s growth rate.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$21.4B
Revenue reported for this quarter.
Quarter-over-quarter
-2.0%
Change from the immediately preceding quarter.
Year-over-year
+3.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$83.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $20.1B | +3.5% |
| Jun 30, 2023 | $20.6B | +5.3% |
| Sep 30, 2023 | $21.9B | +6.1% |
| Dec 31, 2023 | $21.4B | +3.2% |
Revenue performance
The company posted higher revenue year over year, reflecting continued demand, but a sequential decrease suggests a moderation in quarterly momentum.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower, while when set against the same quarter one year earlier, revenue was higher. This contrasts with the prior quarter’s year-over-year increase.
What to watch
The sequential revenue decline warrants monitoring for any further deceleration in the coming quarters.