09.27.02
Procter & Gamble Co. today reiterated its previous guidance for profit and sales growth in the current quarter, ahead of a presentation to analysts by its chief executive. The maker of Tide laundry detergent, Crest toothpaste and Downy fabric softener said it expects earnings to rise in the mid-teens, or 14-16%, excluding restructuring items.
Sales are expected to be up in the high single digit percent range on a constant-currency basis; volume, which excludes foreign exchange and price fluctuations, is expected to be up by double digits. The company's fiscal first quarter ends this month.
For fiscal 2003, the company said earnings per share are expected to grow at the company's long-term growth target of double digits, excluding restructuring items. Sales, excluding foreign exchange impact, are expected to grow 4-6%.
The outlook, summarizing comments prepared for an analyst conference next week, is the same one the company gave on Sept. 5.
Sales are expected to be up in the high single digit percent range on a constant-currency basis; volume, which excludes foreign exchange and price fluctuations, is expected to be up by double digits. The company's fiscal first quarter ends this month.
For fiscal 2003, the company said earnings per share are expected to grow at the company's long-term growth target of double digits, excluding restructuring items. Sales, excluding foreign exchange impact, are expected to grow 4-6%.
The outlook, summarizing comments prepared for an analyst conference next week, is the same one the company gave on Sept. 5.