The Procter & Gamble Company (PG), a Dow 30 component, supplies branded consumer packaged goods to consumers across the globe.
Consumer goods giant P&G reported its Q1 earnings ending Sep 30 on Tuesday, exceeding expectations.
The quarter saw revenue of $17.80 billion versus $17.42 billion as per Wall Street with an EPS of $1.37 beating expectations at $1.24. Net sales increased by 7% to $17.80 billion, topping expectations of $17.42 billion. Net income attributable to the company rose to $3.59 billion, or $1.36 per share.
Business from its beauty business, health care business and fabric and home care have triggered strong sales with 10%, 9%, and 8% growth respectively, guided by innovation, marketing, and a simple organizational structure.
The company elevated its outlook for fiscal 2020 from 3% to 4% to a range of 3% to 5% and reported to expect its core earnings per share to range between 4% and 10% in fiscal 2020 from an estimated growth of 4% to 9%.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive!
Post View Count : 1027