P&G Boosts FY24 Core EPS Growth Outlook - Update

RTTNews | 460 dagar sedan
P&G Boosts FY24 Core EPS Growth Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Tuesday, consumer goods giant Procter & Gamble Co. (PG) raised its core net earnings per share growth guidance for the full-year 2024, while maintaining its annual all-in sales growth outlook.

For fiscal 2024, the company now expects earnings per share to be between a decline of 1 percent and flat from the base fiscal 2023 earnings of $5.90 per share, implying earnings in a range of $5.31 to $5.90 per share. Previously, earnings per share were expected to grow 6 to 9 percent.

This change is due to the impairment of the Gillette intangible asset value discussed above and the two-year restructuring program announced by the Company last month.

However, P&G raised its core net earnings per share growth to a range of 8 to 9 percent from the prior outlook for a 6 to 9 percent growth. This outlook equates to a range of $6.37 to $6.43 per share.

Meanwhile, the company maintained its guidance range for fiscal 2024 all-in sales growth to be in the range of 2 to 4 percent and organic sales growth in the range of 4 to 5 percent.

The Street expects the company to report earnings of $6.41 per share on revenue growth of 3.4 percent to $84.81 billion for the year.

The Company added that its current outlook estimates headwinds of approximately $1.0 billion after-tax from unfavorable foreign exchange and tailwinds of approximately $800 million after tax due to favorable commodity costs.

P&G continues to expect adjusted free cash flow productivity of 90% and expects to pay more than $9 billion in dividends and to repurchase $5 to $6 billion of common shares in fiscal 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
P&G Boosts FY24 EPS And Core EPS Growth Outlook - Update

P&G Boosts FY24 EPS And Core EPS Growth Outlook - Update

While reporting financial results for the third quarter on Friday, consumer goods giant Procter & Gamble Co. (PG) raised its earnings per share and core net earnings per share growth guidance for the full-year 2024, while maintaining its annual all-in sales growth outlook.
RTTNews | 373 dagar sedan
P&G Recalls 8.2 Mln Defective Laundry Detergent Packets

P&G Recalls 8.2 Mln Defective Laundry Detergent Packets

Consumer goods giant Procter & Gamble Co. has called back around 8.2 million defective bags of Tide, Gain, Ace and Ariel laundry detergent packets distributed in the United States citing risk of serious injury, the U.S. Consumer Product Safety Commission announced. In addition, about 56,741 were sold in Canada. According to the agency, the outer packaging meant to prevent access to the contents...
RTTNews | 385 dagar sedan
P&G Q2 Results Top Estimates; Backs FY23 Earnings View, Lifts Sales Forecast

P&G Q2 Results Top Estimates; Backs FY23 Earnings View, Lifts Sales Forecast

Consumer goods giant Procter & Gamble Co. reported Friday higher earnings and net sales in its third quarter, both above the Street estimates, benefited by higher pricing in all segments, despite weak volumes. Further, the company maintained fiscal 2023 earnings growth view, and raised sales forecast. In pre-market activity on the NYSE, P&G shares were gaining around 2.1 percent.
RTTNews | 737 dagar sedan
P&G Q2 Profit Down 7%, But Meets Estimates; Boosts FY23 Sales Outlook

P&G Q2 Profit Down 7%, But Meets Estimates; Boosts FY23 Sales Outlook

Consumer goods giant Procter & Gamble Co. reported on Wednesday that profit for the second quarter decreased seven percent from last year, hurt primarily by a decrease in operating margin and a sales decline. However, earnings per share met analysts' estimates, while quarterly sales topped them. Looking ahead, the company maintained its earnings growth guidance for full-year 2023.
RTTNews | 829 dagar sedan
P&G Q1 Profit Down 4%, But Results Top Estimates; Cuts FY23 Sales Outlook

P&G Q1 Profit Down 4%, But Results Top Estimates; Cuts FY23 Sales Outlook

Procter & Gamble reported on Wednesday that profit for the first quarter decreased four percent from last year, hurt primarily by higher commodity and input material costs, despite 1 percent net sales growth. However, both earnings per share and quarterly sales topped analysts' estimates. Looking ahead, the company maintained its earnings and organic sales growth guidance for full-year 2023.
RTTNews | 921 dagar sedan
P&G Q4 Profit Up 5%, But Misses View; Provides Weak Outlook

P&G Q4 Profit Up 5%, But Misses View; Provides Weak Outlook

Consumer goods giant Procter & Gamble reported on Friday that profit for the fourth quarter increased five percent from last year, driven by net sales growth and lower expenses. Earnings per share for the quarter missed analysts' estimates, but quarterly topped it by a whisker. Looking ahead, the company initiated earnings and sales growth guidance for the full-year 2023, below expectations.
RTTNews | 1003 dagar sedan
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Monday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 8,000.00 mark, with gains technology, energy and financial stocks partially offset by weakness in mining stocks.
RTTNews | 16 minuter sedan
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on easing global trade tensions amid ongoing tariff talks between the US and some of its partner countries, including China and Japan. There are also hopes for additional stimulus measures in China aimed at offsetting the impact of US tariffs.
RTTNews | 33 minuter sedan