Companies and Brands
Are Procter & Gamble Earnings Good Enough?
Published:
Last Updated:
When Procter & Gamble Co. (NYSE: PG) reported its most recent quarterly results before the markets opened on Tuesday, the company posted $1.06 in earnings per share (EPS) and $16.46 billion in revenue. That compares with consensus estimates of $1.03 in EPS and revenue of $16.34 billion, as well as the $1.00 per share and $16.28 billion in last year’s fiscal third.
Net sales in the latest quarter increased 1% from the prior year. Unfavorable foreign exchange had a 5% impact on sales for the quarter. Excluding the effects of foreign exchange, acquisitions and divestitures, organic sales increased 5%, driven by a 2% increase in organic shipment volume.
In terms of its segments the company reported as follows:
- Beauty net sales increased 4% year over year to $3.06 billion.
- Grooming net sales decreased 8% to $1.42 billion.
- Health Care net sales increased 9% to $2.12 billion.
- Fabric & Home Care net sales increased 2% to $5.38 billion.
- Baby, Feminine & Family Care net sales decreased 2% to $4.36 billion.
Looking ahead to the fiscal 2019 full year, P&G expects to see all-in sales growth in the range of in-line to up 1% compared with the previous fiscal year, while core EPS are expected to increase 3% to 8% year over year. Consensus estimates call for $4.45 in EPS and $67.2 billion in revenue for the year.
David Taylor, board chair, president and chief executive, commented:
We delivered another quarter of strong organic sales growth, enabling us to further increase our outlook for the year. Cash generation also remains strong, supporting an increase in our cash productivity target and extending our long track record of dividend increases. Our focus on superiority, productivity and improving P&G’s organization and culture is delivering improved results despite a challenging competitive and macroeconomic environment.
Shares of P&G were last seen down about 2% at $103.93, in a 52-week range of $70.73 to $107.20. The consensus price target is $101.12.
24/7 Wall St.Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
