• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Money Profit News
No Result
View All Result
Home Breaking News

Procter & Gamble tops Wall Street estimates as price hikes counteract inflation

by
April 20, 2022
in Breaking News
0
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Related Posts

US debt interest payments are unsustainable and flash ‘huge warning signs’ as they take over federal spending, budget expert warns

Retired? You May Want Stocks, Not Bonds, to Power Your Portfolio

Investors pulled $19 billion from stocks in the last week, the highest outflow all year amid surging bond yields and Fed jitters

Watching the Real-Estate Bust From the Streets of San Francisco

In this article

PG

Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California.
Mario Tama | Getty Images

Procter & Gamble is expected to report its fiscal third-quarter earnings before the bell.

Here’s what Wall Street analysts are expecting, based on a Refinitiv survey:

Earnings per share: $1.29 expectedRevenue: $18.73 billion expected

Consumer goods giant P&G may serve as a bellwether for investors as costs rise shoppers weigh higher price tags.

So far, price hikes have helped the company preserve profits amid soaring inflation. Products like Oral-B toothbrushes and Gillette razors saw a sales bump last quarter, thanks to price increases. But investors will be watching closely for any changes in consumer behavior as shoppers face elevated prices at the gas pump and in grocery store aisles.

Russia’s invasion of Ukraine has not only intensified inflation in the U.S., but also spurred scrutiny of P&G and other Western companies that operate in Russia. P&G has suspended its Ukrainian operations and scaled back those in Russia. The two countries account for less than 2% of its overall revenue.

For fiscal 2022, P&G is calling for 3% to 4% sales growth and core earnings per share increases of 3% to 6%, according to its latest release. It’s also predicting a $2.6 billion headwind from inflation for the fiscal year.

Shares of P&G have climbed 16% over the last 12 months, giving it a market value of $381 billion.

This is breaking news. Please check back for updates.

Next Post

Russia Offers Oil in a Rush, Hinting at Longer-Term Trade Impact

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

US debt interest payments are unsustainable and flash ‘huge warning signs’ as they take over federal spending, budget expert warns

by
September 24, 2023
0

Read more

US debt interest payments are unsustainable and flash ‘huge warning signs’ as they take over federal spending, budget expert warns

Retired? You May Want Stocks, Not Bonds, to Power Your Portfolio

Investors pulled $19 billion from stocks in the last week, the highest outflow all year amid surging bond yields and Fed jitters

Watching the Real-Estate Bust From the Streets of San Francisco

Evergrande Scraps $35 Billion Restructuring Plan as China’s Housing Crisis Intensifies

Treasury Yields Are Headed Even Higher. Stocks Won’t Like It.

Load More

All rights reserved by www.moneyprofitnews.com

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Email Whitelisting
  • Home

moneyprofitnews