Procter & Gamble: raises FY targets
(CercleFinance.com) - Procter & Gamble has raised its targets for FY 2019-20, now looking for adjusted EPS that is up by 5% to 10% (vs.
4% to 9% previously), with organic sales growth of 3% to 5% (vs. 3% to 4% previously).
In its first accounting quarter, the consumer goods giant reported adjusted EPS that is up 22% at 1.37 dollar, hence beating the consensus by 13 cents (+24% excluding currency effects).
Revenues of the parent company, whose brands include Ariel, Duracell and Pampers, rose by 7% to 17.8 billion dollars, including organic growth of 7% with a volume effect of four points.
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