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宝洁公司PROCTER & GAMBLE(PG)2025财年年度报告「NYSE」(英文版)(92页).pdf

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1、2025Annual ReportFinancial Highlights(Unaudited)Amounts in billions,except per share amounts20252024202320222021Net Sales$84.3$84.0$82.0$80.2$76.1Operating Income$20.5$18.5$18.1$17.8$18.0Net Earnings Attributable to P&G$16.0$14.9$14.7$14.7$14.3Net Earnings Margin19.1%17.8%18.0%18.4%18.9%Diluted Net

2、Earnings per Common Share1$6.51$6.02$5.90$5.81$5.50Core Earnings per Share2$6.83$6.59$5.90$5.81$5.66Operating Cash Flow$17.8$19.8$16.8$16.7$18.4Dividends per Common Share$4.08$3.83$3.68$3.52$3.242025 Net Sales by Business Segment3 Fabric&Home Care 36%Baby,Feminine&Family Care 24%Beauty 18%Health Car

3、e 14%Grooming 8%2025 Net Sales by Geographic Region North America4 52%Europe 22%Latin America 7%Greater China 7%Asia Pacific 7%India,Middle East&Africa(IMEA)5%Fiscal Year 2025 by the NumbersOrganic Sales Growth+2%Core EPS Growth+4%Adjusted Free Cash Flow Productivity87%(1)Diluted net earnings per co

4、mmon share are calculated based on net earnings attributable to Procter&Gamble.(2)Core EPS is a measure of the Companys diluted net earnings per common share adjusted for certain items not viewed as part of our sustainable results.Please see page 72 of the Annual Report for detail on the reconciling

5、 items.(3)These results exclude net sales in Corporate.(4)North America includes the United States,Canada and Puerto Rico.VARIOUS STATEMENTS IN THIS ANNUAL REPORT,including estimates,projections,objectives and expected results,are“forward-looking statements”within the meaning of the Private Securiti

6、es Litigation Reform Act of 1995,Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are generally identified by the words“believe,”“expect,”“anticipate,”“intend,”“opportunity,”“plan,”“project,”“will,”“should,”“could,”“would,”“likely”and similar expre

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1. **财务表现**:2025财年净销售额843亿美元,同比增长2%;核心每股收益增长4%至6.83美元;净利润160亿美元,净利率19.1%。 2. **业务增长**:有机销售额增长2%,电商销售占比提升至19%;北美市场增长2%,欧洲聚焦市场增长3%。 3. **股东回报**:股息增长5%至每股4.08美元,通过分红和股票回购返还股东超160亿美元。 4. **战略重点**:聚焦产品优越性(如Tide evo创新)、供应链效率提升(自动化技术)及组织敏捷性,未来两年将削减15%非制造岗位。 5. **市场布局**:北美占销售额52%,织物与家居护理(36%)、婴儿与女性护理(24%)为最大业务板块。
**增长动力何在?** **创新如何制胜?** **未来战略方向?**
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