P & G Revenue Q3 2018

On Friday, Procter & Gamble reported quarterly earnings and revenues that beat analysts' expectations, showing customers continue to pay for their products after price increases earlier this year.

Shares in the company were roughly flat in market trading.

This is what the company reported compared to what Wall Street expected, based on a survey by analysts of Refinitive:

  • Earnings per share: $ 1.06 adjusted, vs. $ 1.03 expected
  • Revenue: $ 16.46 billion against $ 16.37 billion expected

P & G earned $ 1[ads1].06 per share, excluding items, and beat $ 1.03 per share expected by analysts surveyed by Refinitiv.

Net sales rose 1% to $ 16.46 billion, peaking expectations of $ 16.37 billion. [19659003] Its strongest business units continue to be the beauty care business, which includes its premium SK-II skin care brand and Olay. Fabric and home care and health services, including C resting toothpaste, also performed well.

Its grooming business, which includes the Gillette brand , continues to lie, even though sales declined moderately from the previous quarter. Organic sales in their grooming business fell 1%, compared to a 3% decline in the second quarter.

The company said the sale of shaving care products was in line with the previous period, but it was driven by higher sales in more developed areas, and price increases, which helped offset unit volume, declined. The unit volume affects the effect of price and currency fluctuations.

On Tuesday, the owner of Tide detergent said it expects organic sales to grow by 4% in 2019, instead of falling to a range of 2% to 4%. Total sales are expected to grow 1% during 2018.

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