Consumer Goods Giant P&G Report Exceeds Wall Street Q1 Expectations

By John Heerdink LinkedIn

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%.

To learn more about Procter & Gamble (PG) and to continue to track its progress please visit the Vista Partners Procter & Gamble Coverage Page.

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.

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(Read Original Story: Procter & Gamble earnings, sales top estimates, boosts outlook, sending shares up in CNBC)


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