Procter & Gamble: raises FY EPS target range

(CercleFinance.com) - On its quarterly earnings call, Procter & Gamble raised its target range for adjusted EPS for 2023-24, now anticipating 8% to 9% growth (instead of 6% to 9%) to $6.
37 to $6.43.

The consumer staples group, which owns the Ariel, Duracell and Pampers brands amongst others, nevertheless confirms that it expects annual sales growth of 2% to 4% overall, and 4% to 5% in organic terms.

For Q2 2023-24, P&G posted adjusted EPS up 16% to $1.84, on sales of $21.4bn, up 3% overall and 4% organically.


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