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Procter & Gamble (PG) Q3 2022 earnings


Bottles of Tide detergent, a Procter & Gamble product, are displayed on the market in a pharmacy on July 30, 2020 in Los Angeles, California.

Mario Tama | Getty Pictures

Procter & Gamble is anticipated to report its fiscal third-quarter earnings earlier than the bell.

This is what Wall Road analysts expect, based mostly on a Refinitiv survey:

  • Earnings per share: $1.29 anticipated
  • Income: $18.73 billion anticipated

Client items big P&G could function a bellwether for traders as prices rise customers weigh increased worth tags.

To this point, worth hikes have helped the corporate protect income amid hovering inflation. Merchandise like Oral-B toothbrushes and Gillette razors saw a sales bump last quarter, thanks to cost will increase. However traders will probably be watching intently for any modifications in shopper habits as customers face elevated costs on the fuel pump and in grocery retailer aisles.

Russia’s invasion of Ukraine has not solely intensified inflation within the U.S., but in addition spurred scrutiny of P&G and different Western firms that function in Russia. P&G has suspended its Ukrainian operations and scaled again these in Russia. The 2 international locations account for lower than 2% of its general income.

For fiscal 2022, P&G is looking for 3% to 4% gross sales development and core earnings per share will increase of three% to six%, in keeping with its newest launch. It is also predicting a $2.6 billion headwind from inflation for the fiscal 12 months.

Shares of P&G have climbed 16% during the last 12 months, giving it a market worth of $381 billion.

That is breaking information. Please verify again for updates.



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