Why is P&G's fiscal year at the end of June?

P&G's fiscal year ends on June 30th every year, because P&G has always been known as one of the leaders in the consumer goods industry, and its main business is to produce and sell daily consumer goods, such as beauty, family and personal care products. The sales of these products in summer and holidays are usually much larger than those in other seasons, so setting the fiscal year settlement time at the end of June can better reflect the company's performance in the busiest season. In addition, choosing the end of June can also ensure that the fiscal year report can cover the whole market year, which is convenient for investors and shareholders to know the company's annual performance.