Procter & Gamble reported fiscal year 2023 net sales of $82 billion, an increase of 2% versus the prior year. Organic sales, which exclude the impacts of foreign exchange and acquisitions and divestitures, increased 7%. The organic sales growth was due to a 9% increase from higher pricing and a 1% increase from favorable mix, partially offset by a 3% decrease in shipment volumes.

The company reported fiscal year 2023 fourth quarter net sales of $20.6 billion, an increase of 5% versus the prior year. Organic sales, which exclude the impacts of foreign exchange and acquisitions and divestitures, increased 8%. The organic sales growth was due to a 7% increase from higher pricing and a 2% increase from favorable mix, partially offset by a 1% decrease in shipment volumes.

In the April – June 2023 quarter, Baby, Feminine and Family Care segment organic sales increased 9% versus year ago. Baby Care organic sales increased high single digits due to increased pricing and positive product mix, partially offset by lower volumes from increased pricing. Feminine Care organic sales increased double digits led by increased net pricing and positive product mix, partially offset by a volume decline. Family Care organic sales increased double digits due to volume growth and increased pricing.