PG -Procter & Gamble (NYSE: PG) climbs 4.4% in premarket trading as fiscal Q1core EPS of $1.12 surpasses consensus estimate of $1.09, and the consumer-products giant says it's on track to meet top- and bottom-line targets for its fiscal year.
Q1 net sales of $16.7B, beating consensus by $220M, came in-line with a year ago as foreign exchange hurt sales by 3%.
Excluding forex impacts, acquisitions and divestitures, organic sales rose 4% driven by a 3% increase in shipment volume, and a 1% increase from positive mix impact on strong growth in beauty and fabric & home care categories. Pricing was neutral to the quarter.
Q1 Beauty segment organic sales rose 7% Y/Y, while Fabric & Home Care organic sales increased 5%.
For FY2019, P&G reaffirms organic sales growth guidance of 2%-3%.
Now expects all-in sales growth of down 2% to in-line from FY2018, including a headwind of 3-4 percentage points sales growth from foreign exchange.
Also maintains FY2019 core EPS growth of 3%-8% vs. FY2018 core EPS of $4.22.
Sees year adjusted free cash flow productivity of 90% or better.
Expects to pay more than $7B in dividends and repurchase up to $5B of common shares.
And so we are told this is the golden age And gold is the reason for the wars we wage U2
Be the change you want to see in the world!
Spread the love. Be the first to like this post!