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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