The Procter & Gamble Company reported fiscal year 2013 diluted net earnings per share from continuing operations of $3.86, up 24% versus the previous year. Core earnings per share were $4.05, an increase of 5% versus the prior year. Net sales were $84.2 billion, an increase of 1% including a negative two point impact from foreign exchange. Organic sales grew 3% for the fiscal year.
"The Company met its objectives for the 4th quarter and fiscal year, and we build on these results in fiscal 2014," said chairman, president and CEO A.G. Lafley. "With an overriding focus on value creation, we will strengthen and accelerate productivity plans."
For fiscal year 2014, P&G expects organic sales growth in the range of 3-4% compared to underlying global market growth of about 3.5%. All-in sales growth is forecast in the range of 1-2% including a negative foreign exchange impact of approximately 2%. Core earnings per share are expected to grow in the range of 5-7%, equal to the fiscal 2013 growth at the low end of the range and within the Company's long-term, annual growth objectives at the high end of the range.
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