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Procter & Gamble guidance

This article was originally published in The Rose Sheet

Executive Summary

Third quarter and fiscal year earnings per share are expected to exceed current estimates by $0.01-$0.02 per share, driven by strong volume and sales growth, firm says. Organic sales growth in the third quarter is anticipated to rise 10%, with total sales increasing 20%, according to P&G. Favorable currency will increase sales 3%-4%, while acquisitions including Wella will add 7%-9%, the company predicts. Top line performance will be driven in part by innovations in Olay Regenerist, Crest Whitening Expressions, as well as international expansion of Herbal Essences, P&G adds. Firm also announces two-for-one stock split will occur May 21 in form of 100% stock dividend. P&G will report third quarter results April 30...
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