P&G beats profit estimates as consumers stock up on toilet rolls, detergents [Toronto Globe and Mail (Ontario, Canada)]
Procter & Gamble Company (The) (PG)
Last procter & gamble company (the) earnings: 4/17 07:00 am
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Source: Toronto Globe and Mail
P&G beats profit estimates as consumers stock up on toilet rolls, detergents Sales at P&G's fabric, home care unit sales rose 8 per cent. Andrew Kelly/Reuters Sales at P&G's fabric, home care unit sales rose 8 per cent. Procter & Gamble Co beat expectations for quarterly profit on Friday as consumers stocked up on everything from diapers and detergents to toilet rolls amid sweeping lockdowns around the world to curb the spread of the coronavirus. P&G, which sells its product in more than 180 countries, recorded sales growth in three of its five units, sending its shares up 1.3 per cent in early trading on Friday. The company also said it expects to pay over $7.5 billion in dividends and repurchase $7 billion to $8 billion in shares in fiscal 2020. Sales at its health care unit rose 7 per cent, while fabric, home care unit sales rose 8 per cent. The baby and feminine products business logged a 6 per cent rise in sales. Beauty and grooming were the two segments where sales fell. Many
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News
- The Procter & Gamble Company (NYSE: PG) had its price target raised by analysts at Argus from $180.00 to $185.00. They now have a "buy" rating on the stock.MarketBeat
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PG
Earnings
- 4/19/24 - Beat
PG
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 424B5
- 4/23/24 - Form 4
- PG's page on the SEC website