Integrating Gillette Co. into Procter & Gamble Co. will reduce P&G’s profit by 20 to 26 cents per share in the current fiscal year ending June 30, 2006, and by 12 to 18 cents the following year, P&G said.
While P&G didn’t provide earnings per share estimates for 2006 and 2007, it expects double digit increases in both years, it said. In fiscal 2005, which ended June 30, the company earned $7.26 billion, or $2.66 a share, on sales of $56.74 billion. Analysts surveyed by Thomson Financial projected on average earnings of $2.81 in fiscal 2006 and $3.18 in 2007. They expect revenue growth of 6% for 2006 and 5% for 2007.