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Light profit guidance from Procter & Gamble

Published 10/20/2017, 08:03 AM
Updated 10/20/2017, 08:03 AM
© Reuters.  Light profit guidance from Procter & Gamble
  • Procter & Gamble (NYSE:PG) reports organic sales increased 1% in FQ1.
  • Volume was up 1% during the quarter, led by a 2% gain in the fabric & home care segment. Pricing and mix were both flat across segments.
  • Operating profit margin fell 40 bps, despite productivity cost savings.
  • Operating cash flow was $3.6B for the quarter, while free cash flow productivity was 87%.
  • Looking ahead, P&G sees FY18 organic sales growth of 2% to 3% and FY18 EPS of $4.12 to $4.19 vs. $4.18 consensus.
  • Shares of Procter & Gamble are down 1.60% to $90.12.
  • Previously: Procter & Gamble beats by $0.01, misses on revenue (Oct. 20)
  • Now read: Does Procter & Gamble Need Nelson Peltz In Order To Turn Around?


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