Procter & Gamble: raises adjusted EPS target
(CercleFinance.com) - Procter & Gamble has raised its adjusted EPS target for 2017-18, now expecting it to increase by 5%-8% (instead of 5%-7%) to reflect the potential positive effect of the tax reform, with the group still aiming for organic sales growth of 2% to 3%.
In Q2 of its fiscal year, the consumer goods giant saw its adjusted EPS increase by 10% to 1.19 dollar, beating the consensus by five cents, thanks to a profit of five cents relating to the US tax reforms.
At 17.4 billion dollars, revenue from the group that sells, the Gillette and Pampers brands, amongst many others, rose by 3%, including organic growth of 2%, boosted by a proportionally stronger increase in categories with higher prices.
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In Q2 of its fiscal year, the consumer goods giant saw its adjusted EPS increase by 10% to 1.19 dollar, beating the consensus by five cents, thanks to a profit of five cents relating to the US tax reforms.
At 17.4 billion dollars, revenue from the group that sells, the Gillette and Pampers brands, amongst many others, rose by 3%, including organic growth of 2%, boosted by a proportionally stronger increase in categories with higher prices.
Copyright (c) 2018 CercleFinance.com. All rights reserved.