Procter & Gamble: 2023-24 EPS targets raised

(CercleFinance.com) - Procter & Gamble has raised its adjusted EPS target range for the 2023-24, now anticipating a 10% to 11% increase (instead of 8% to 9%), when it made a solid quarterly publication despite multiple headwinds.


The consumer goods group, which owns the Gillette, Pampers, Ariel and Oral-B brands amongst others, nevertheless confirms that it expects annual sales growth of 2% to 4% as reported, with organic growth of 4% to 5%.

P&G posted Q3 2023-24 adjusted EPS that is up 11% at $1.52, on sales of $20.2bn, up 1% overall and up 3% organically.


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