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Procter & Gamble: Q3 EPS up 6%

( - Procter & Gamble - holder of the Ariel, Duracell and Pampers brands, amongst others - has reported Q3 2021-22 adjusted EPS that is up 6% at 1.
33 dollar on sales that increased 10% organically to 19.4 billion dollars.

Company management noted that it delivered another quarter of strong sales growth and made sequential progress in terms of earnings growth, despite significant and increasing cost headwinds.

For FY 2021-22, it confirms that it expects adjusted EPS growth of 3% to 6%, although expects this to be at the lower end of this range, although now targets higher organic sales growth of 6% to 7% (above its previous range of 4% to 5%).

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