×
75 564
Fashion Jobs
JCPENNEY
Asset Protection Associate - Plaza Bonita
Permanent · National City
JCPENNEY
Sales Floor Supervisor - South Park Mall
Permanent · San Antonio
JCPENNEY
Asset Protection Associate - Alderwood Mall
Permanent · Lynnwood
JCPENNEY
Sales Floor Supervisor - Washington sq
Permanent · Portland
JCPENNEY
Sales Floor Supervisor - Great Lakes Mall
Permanent · Mentor
ON RUNNING
sr Financial Analyst - Commercial Finance
Permanent · PORTLAND
ON RUNNING
Finance Systems Specialist
Permanent · PORTLAND
REISS
Area Visual Manager- South East
Permanent · MIAMI
URBN
Anthropologie Visual Merchandising Manager
Permanent · NEW YORK
URBN
Free People Assistant Visual Manager
Permanent · MIAMI
URBN
Free People Merchandise Planner
Permanent · PHILADELPHIA
SACK OFF 5TH
Asset Protection Investigator
Permanent · RIVERHEAD
BANANA REPUBLIC
Manager, Marketing Operations
Permanent · SAN FRANCISCO
OLD NAVY
Asset Protection Service Representative - Shops at Bruckner bl
Permanent ·
GAP INC.
sr Analyst, Finance - Forecast & Budget (Remote)
Permanent · ALBUQUERQUE
OLD NAVY
General Manager-Arsenal Yards
Permanent · WATERTOWN
CROCS
Crocs: Retail Area Manager Boston, ma
Permanent · BOSTON
NORDSTROM
Asset Protection - Agent - Midtown Mall Rack
Permanent · Anchorage
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Glendale
Permanent · GLENDALE
MICHAEL KORS
Part-Time Sales Supervisor, Fresno, ca
Permanent · Fresno
TJ MAXX
lp Detective-Southland
Permanent · Miami
HOMEGOODS
70118-lp Detective
Permanent · Birmingham
By
Reuters
Published
Oct 28, 2011
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Procter & Gamble profit in line, keeps year view

By
Reuters
Published
Oct 28, 2011

Procter & Gamble Co posted a slight dip in quarterly profit that was in line with expectations as the world's largest household products maker raised prices and notched sales gains in each unit.

The maker of Pampers diapers and Tide detergent earned $3.02 billion, or $1.03 per share, in the first quarter ended on Sept. 30, compared with $3.08 billion, or $1.03 per share, a year earlier. It had fewer shares outstanding in the most recent quarter.

P&G, which makes everything from Gillette razors to Pantene shampoo, announced or implemented price increases on brands that account for the majority of its U.S. sales and has pulled back on some promotional spending, which also effectively raises the prices consumers pay.

Sales rose 8.9 percent to $21.92 billion. Organic sales, which strip out the impact of acquisitions, divestitures and foreign exchange fluctuations, rose 4 percent, coming in at the high end of the company's 2 percent to 4 percent forecast.

Analysts on average were looking for a profit of $1.03 per share on $21.53 billion in sales, according to Thomson Reuters I/B/E/S. P&G had forecast earnings of $1.00 to $1.04 per share.

The volume of goods sold rose 2 percent, excluding acquisitions, asset sales and currency fluctuations, with growth in developing regions partially offset by a decline in developed regions.

The company still expects full-year earnings of $4.17 to $4.33 per share, with sales up 3 percent to 6 percent. Analysts expect it to earn $4.20 per share this year.

For the current second quarter, which ends in December, P&G forecast earnings of $1.05 to $1.11 per share, with sales growth of 3 percent to 5 percent.

P&G shares rose 0.9 percent to $65.53 in thin premarket trade.

By Jessica Wohl

© Thomson Reuters 2023 All rights reserved.