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%.
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