P&G ends fiscal 2021 on a high note

July 30, 2021
P&G ends fiscal 2021 on a high note

The American multinational consumer goods corporation impressed markets with its Q4 2021 figures

Procter & Gamble posted an EPS of $1.13, topping the $1.08 expected. The company also beat the $18.41 billion revenue expected, with figures coming in at $18.95 billion, as consumers spent more on premium health care and personal care products.

The company – whose portfolio includes Tide, Charmin, and Pampers – is on track to raise prices on some products in autumn because of the higher commodity costs.

For fiscal 2022, P&G expects sales to grow 2% - 4%. Also, the company is looking for an up to 6% increase in EPS compared to the previous fiscal year’s $5.66.

After the news hit the wires, P&G stock price went up 0.88%. Since the beginning of the year, the company’s stock price is less than 1% up.

Source: cnbc.com

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