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

RTTNews | 349 ngày trước
P&G Boosts FY24 EPS And Core EPS Growth Outlook - Update

(RTTNews) - 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.

For fiscal 2024, the company now expects earnings per share to grow 1 to 2 percent from the base fiscal 2023 earnings of $5.90 per share, implying earnings in a range of $5.96 to $6.02 per share. Previously, earnings per share were expected to be between a decline of 1 percent and flat.

P&G also raised its core net earnings per share growth to a range of 10 to 11 percent from the prior outlook for an 8 to 9 percent growth.

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 $6.45 per share on revenue growth of 3.3 percent to $84.70 billion for the year.

The Company added that its current outlook estimates headwinds of approximately $600 million after-tax from unfavorable foreign exchange and benefit of approximately $900 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 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 | 361 ngày trước
P&G Boosts FY24 Core EPS Growth Outlook - Update

P&G Boosts FY24 Core EPS Growth Outlook - Update

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.
RTTNews | 436 ngày trước
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 | 713 ngày trước
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 | 805 ngày trước
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 | 897 ngày trước
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 | 979 ngày trước
European Economic News Preview: German Factory Orders Data Due

European Economic News Preview: German Factory Orders Data Due

Factory orders and construction Purchasing Managers' survey results from Germany are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders figures for February. Orders are forecast to grow 3.4 percent on a monthly basis, in contrast to the 7.0 percent decrease in January.
RTTNews | 4h 18phút trước
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Friday, following the broadly negative from Wall Street overnight, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by US President Donald Trump on U.S. trade partners. Asian markets ended mostly lower on Thursday.
RTTNews | 4h 56phút trước