Procter & Gamble, the American Consumer Goods Giant, Raises Its Profit Forecast for Fiscal Year 2023/24

After originally expecting a growth in adjusted earnings per share (EPS) of eight to nine percent, the company now anticipates an increase of ten to eleven percent compared to the previous year's value of $5.90 USD. The new forecast was announced by the corporation on Friday in Cincinnati, Ohio.

The revenue is expected to grow organically by four to five percent, adjusted for currency effects as well as acquisitions and disposals of business parts. CEO Jon Moeller sees positive signals from subsiding headwinds in exchange rates and lower-than-expected raw material costs.

In the third quarter of the fiscal year ending in March, Procter & Gamble achieved a slight revenue increase of one percent to approximately 20.2 billion US dollars (around 18.9 billion euros). Organically, revenue grew by three percent, with the company benefiting from implemented price increases. Adjusted earnings per share increased by eleven percent to 1.52 dollars.

After Announcing These Numbers, Procter & Gamble's Stock Temporarily Lost 0.79 Percent in Trading on the New York Stock Exchange and Was Quoted at 156.06 US Dollars. The Company Is Behind Well-known Brands Such as Ariel, Pampers, and Always and Remains Optimistic About Its Financial Future Despite the Volatile Market Environment.