P&G Raises First-Quarter Earnings Guidance

09 September 2002

Procter & Gamble has raised its performance forecasts for its fiscal first quarter, which concludes at the end of this month.

The consumer goods colossus estimates earnings (excluding charges) will rise 14%–16% year-on-year, up from earlier forecasts of 11%–15%.

It believes sales will rise by a high single-digit margin, an improvement on the previous prediction of 4%–6%, while sales volume will grow by a double-digit percentage, compared with estimates of 8% to 10% beforehand.

For the full fiscal year, P&G is sticking to its forecasts of double-digit earnings growth and a 4%–6% increase in sales.

Data sourced from: The Wall Street Journal Online; additional content by WARC staff