P&G: raises outlook after another strong quarter
(CercleFinance.com) - Procter & Gamble reported another strong quarter in terms of sales and profit on Tuesday, prompting the consumer goods giant to raise its full-year outlook.
P&G raised guidance for core EPS growth from 3% to 7% to 5% to 8% from fiscal 2020 core EPS of 5.12 dollars, it said this morning.
Core EPS - which excludes restructuring charges and other items - was 1.63 dollar in the first quarter ended 30 September, while analysts were expecting just 1.24 dollar per share.
Net sales reached 19.3 billion dollars in the last quarter, up 9% year-on-year.
Excluding FX factors, acquisitions and divestitures, organic sales also rose by 9%, driven by a rise in shipment volume and increased pricing, P&G said.
Shares of P&G, whose many products include Crest toothpaste and Head & Shoulders shampoo, were up 1.5% in pre-market trading on Tuesday after this report.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
P&G raised guidance for core EPS growth from 3% to 7% to 5% to 8% from fiscal 2020 core EPS of 5.12 dollars, it said this morning.
Core EPS - which excludes restructuring charges and other items - was 1.63 dollar in the first quarter ended 30 September, while analysts were expecting just 1.24 dollar per share.
Net sales reached 19.3 billion dollars in the last quarter, up 9% year-on-year.
Excluding FX factors, acquisitions and divestitures, organic sales also rose by 9%, driven by a rise in shipment volume and increased pricing, P&G said.
Shares of P&G, whose many products include Crest toothpaste and Head & Shoulders shampoo, were up 1.5% in pre-market trading on Tuesday after this report.
Copyright (c) 2020 CercleFinance.com. All rights reserved.