P&G beats quarterly sales estimates, warns of cost pressures

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P&G beats quarterly sales estimates, warns of cost pressures

Reuters2021-07-30

July 30 (Reuters) - Procter & Gamble Co reported fourth-quarter sales on Friday that beat analysts' estimates, but warned that rising commodity and freight costs would take a $1.9 billion bite out of its earnings this year.

The vaccine-aided easing of COVID-19 restrictions in the United States and parts of Europe helped the company post an 11% increase in sales at its beauty segment in the reported quarter, as consumers returning to social events, spent more on personal care products.

Procter & Gamble said net sales rose 7% to $18.95 billion in the quarter ended June 30, compared with estimates of $18.41 billion, according to IBES data from Refinitiv.

The company forecast fiscal 2022 core earnings per share to rise between 3% and 6%, and sales to increase in the 2% to 4% range.

Late on Thursday, the Tide detergent maker named Chief Operating Officer Jon Moeller as its new CEO, replacing David Taylor, who will become executive chairman on Nov. 1.

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vincetan
·2021-08-01
New leadership means it's either a change to bring the company forward, or vice versa. Hope it's the former!
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- keaty:
  usually aft sometime complacency sets in...... history repeats itself
  2021-09-24
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OSG
·2021-07-30
Good Luck
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1
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Kimmikim
·2021-07-30
Hi
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1
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- Kimmikim:
  Hihi
  2021-07-30
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fysx49
·2021-07-30
?
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3
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- Kimmikim:
  Hi
  2021-07-30
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szueyann
·2021-07-30
Please like and comment. Thanks
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7
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- JeremyKok:
  hi. please like and comment back. thank you.
  2021-07-31
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- SeC:
  liked
  2021-07-30
  Reply
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- Kimmikim:
  Hi
  2021-07-30
  Reply
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OldYee
·2021-07-30
Fr SG for Schooling. We Welcome n Love Winning. We Learn n Inspired to work harder losing. Support You!
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4
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- FSYE:
  k
  2021-07-30
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- jw321:
  you need a temp check. and also last in heat with 3 sec deficit is unacceptable in world of compeitive swimming.
  2021-07-30
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Celine1123
·2021-07-30
[呆住]
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3
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- Xann:
  Ok
  2021-07-30
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Ermmmmmm
·2021-07-30
Because of inflation ? Or just want to increase price !!!
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- Alfred1007:
  now is inflation..but after it goes down...the price remain.. [生气] [生气]
  2021-07-30
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- Nelsont:
  [微笑]
  2021-07-30
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Fonkytonks
·2021-07-30
Buy
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4
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Archiparia
·2021-07-30
Wonderful it’s the best of the best
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5
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- 月亮湾湾照狮城:
  [微笑] [微笑]
  2021-07-30
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- JuzDee:
  Ok
  2021-07-30
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RIC
·2021-07-30
great
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- RIC:
  great
  2021-08-10
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- Gracejul:
  Yes! Like pls
  2021-07-30
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