Procter & Gamble Raises Adjusted-Profit Forecast
January 23 2020 - 09:01AM
Dow Jones News
By Micah Maidenberg
Procter & Gamble Co. (PG) on Thursday raised its profit
outlook for its current fiscal year.
The owner of Crest toothpaste, Tide detergent and other
household products now believes adjusted earnings per share will
rise 8% to 11% during its current fiscal year, up from its previous
expectation for a 5% to 10% gain.
Organic sales will increase 4% to 5% for the year, compared with
the prior forecast of a 3% to 5% gain, P&G said.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
January 23, 2020 08:46 ET (13:46 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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