PZ Cussons Full Year 2023 Earnings: EPS Misses Expectations
PZ Cussons (LON:PZC) Full Year 2023 Results
Key Financial Results
Revenue: UK£656.3m (up 11% from FY 2022).
Net income: UK£36.4m (down 28% from FY 2022).
Profit margin: 5.5% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: UK£0.087 (down from UK£0.12 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PZ Cussons EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%.
The primary driver behind last 12 months revenue was the Africa segment contributing a total revenue of UK£256.3m (39% of total revenue). Notably, cost of sales worth UK£399.0m amounted to 61% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to UK£105.3m (48% of total expenses). Explore how PZC's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Personal Products industry in the United Kingdom are expected to grow by 3.2%.
Performance of the British Personal Products industry.
The company's shares are down 7.0% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with PZ Cussons, and understanding these should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
