09.09.04
Procter & Gamble, Cincinnati, reaffirmed its quarterly profit outlook, citing sales of new products andcontinued gains in developing markets. P&G executives forecast $0.72 a share profit for the fiscal firstquarter ending this month, in-line with analysts' estimates.
P&G shares have been trading at their highest levels in almost five years with sales growth across mostof the company's product lines, as well as acquisitions like the Wella hair care business, executives said.P&G expects sales excluding acquisitions and currency fluctuations to increase 4-6%. Unit volume isexpected to rise in the high-single digits on a percentage basis.
Total sales are forecast to increase in the low double-digits on a percentage basis, including a 2-3%boost from the weaker U.S. dollar which increases the value of sales outside the U.S. when they areposted on P&G's income statement. Sales will also include a 4-5% increase from acquisitions, includingWella.
The gains are partially offset by a 2-3% decline in "price mix" due to increased sales in developingmarkets, which typically include lower-priced items, the company said.
P&G shares have been trading at their highest levels in almost five years with sales growth across mostof the company's product lines, as well as acquisitions like the Wella hair care business, executives said.P&G expects sales excluding acquisitions and currency fluctuations to increase 4-6%. Unit volume isexpected to rise in the high-single digits on a percentage basis.
Total sales are forecast to increase in the low double-digits on a percentage basis, including a 2-3%boost from the weaker U.S. dollar which increases the value of sales outside the U.S. when they areposted on P&G's income statement. Sales will also include a 4-5% increase from acquisitions, includingWella.
The gains are partially offset by a 2-3% decline in "price mix" due to increased sales in developingmarkets, which typically include lower-priced items, the company said.