US consumer goods giant Proctor & Gamble will tell analysts today (11 December) that it remains on-track to hit fourth-quarter and full-year EPS guidance, despite current volatility in the trading environment.
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P&G continues to expect earnings per share of $1.58 to $1.63 for the October-December quarter and $4.28 to $4.38 for the fiscal year, the company said.
However, the company said that it expects sales for the October to December quarter to come in below the 4-6% growth rate previously announced.
“This change is driven primarily by reductions in retailer, distributor and consumers’ in-home inventories in both developed and developing markets,” P&G said.
For the full year, the company expects to deliver organic sales growth in its 4-6% target range.
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