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
This information prepared by ClickTrades.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.
This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of ClickTrades.com.
Previous Article
Surprising figures for Royal Dutch Shell
Next Article
Promising monthly EV deliveries from the Chinese companies
