CINCINNATI, OH, July 30, 2015-

The Procter & Gamble Company reported fiscal year 2015 currency neutral core earnings per share growth of 11% versus the prior year. Core earnings per share were $4.02, a decrease of two percent. Diluted net earnings per share were $2.44, including a one-time charge of $2.1 billion, or $0.71 per share, for a change in the method of accounting for its Venezuelan operations from consolidation to the cost method, discussed later in this press release. Organic sales grew one percent as a two percent pricing benefit more than offset a one percent reduction in shipment volume. Net sales were $76.3 billion, a decrease of five percent versus the prior year, including a negative six percentage point impact from foreign exchange.

For the April - June 2015 quarter, core earnings per share were $1.00, an increase of eight percent versus the prior year period. Core EPS results included a $0.09 per share benefit versus the prior year from non-operating income, primarily minor brand divestiture gains. Excluding the impact of foreign exchange, currency-neutral core earnings per share increased 22%. Diluted net earnings per share were $0.18 including the one-time Venezuela charge of $0.71 per share and non-core restructuring costs of $0.07 per share. Organic sales were unchanged for the quarter as a three percentage point benefit from pricing and mix was offset by lower shipment volume. Net sales were $17.8 billion, a decrease of nine percent versus the prior year period driven by a negative nine percentage point impact from foreign exchange.

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