Procter & Gamble Co (NYSE:PG) released a second quarter (2Q) earnings report showing an adjusted profit of $1.08 per share, beating the forecast for $1.06. Revenue for the company came in at $16.9 billion, also beating the estimate for $16.77 billion.
“We delivered good results in the second quarter in a difficult operating environment,” said Chairman, President and Chief Executive Officer David Taylor. “Stronger top-line performance in the first half of the fiscal year is enabling us to increase our organic sales growth outlook for the full year – another step towards the levels of balanced top-line, bottom-line, and cash flow growth that will consistently put P&G shareholder value creation among the best in our industry.”
The Cincinnati, Ohio-based company&G said its core earnings per share, which excludes restructuring charges and other items, came in at $1.08, for the second quarter ended Dec. 31.
PG shared were down -0.23, or -0.27% to 84.70 in pre-market trading on Friday.
October – December 2016 |
Foreign |
Net |
Organic |
Organic |
||||||||||||||
Net Sales Drivers* |
Volume |
Exchange |
Price |
Mix |
Other** |
Sales |
Volume |
Sales |
||||||||||
Beauty | (1)% | (2)% | (1)% | 2% | 1% | (1)% | 2% | 3% | ||||||||||
Grooming | 3% | (2)% | 1% | (4)% | 1% | (1)% | 4% | 1% | ||||||||||
Health Care | 4% | (2)% | 1% | 2% | —% | 5% | 4% | 7% | ||||||||||
Fabric & Home Care | 1% | (2)% | (1)% | —% | 1% | (1)% | 2% | 1% | ||||||||||
Baby, Feminine & Family Care | 2% | (2)% | (1)% | (1)% | 1% | (1)% | 3% | 1% | ||||||||||
Total P&G | 1% | (2)% | —% | —% | 1% | —% | 2% | 2% |
* Net sales percentage changes are approximations based on quantitative formulas that are consistently applied.
** Other includes the sales mix impact from acquisitions/divestitures and rounding impacts necessary to reconcile volume to net sales.
The most damning journalistic sin committed by the media during the era of Russia collusion…
The first ecological study finds mask mandates were not effective at slowing the spread of…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…
Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…
Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…
This website uses cookies.