Procter And Gamble Remains Confident In The Resilience Of Its Customers
Portfolio Pulse from Upwallstreet
Procter & Gamble (PG) reported Q1 results that beat top and bottom-line estimates despite losing some consumers due to rising prices. Net sales expanded 6% to $21.87 billion with organic revenue increasing 7% due to higher pricing. Net income was $4.52 billion, or $1.83 per share. However, volume contracted 1% when excluding the impact of currency and pricing changes. PG expects volume growth for the fiscal year. The company revised its revenue growth forecast to 2%-4% due to anticipated foreign exchange rate impacts. PG remains confident in its customers' resilience, expecting them to absorb higher prices.
October 23, 2023 | 2:25 pm
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POSITIVE IMPACT
Procter & Gamble reported strong Q1 results and remains confident in its customers' ability to absorb higher prices. However, the company revised its revenue growth forecast due to anticipated foreign exchange rate impacts.
Procter & Gamble's strong Q1 results and confidence in its customers' resilience to price increases are positive signs. However, the revised revenue growth forecast due to anticipated foreign exchange rate impacts could potentially affect the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
PepsiCo is mentioned as a peer of Procter & Gamble, with the latter being more confident in its customers' resilience to price increases. PepsiCo is planning modest price hikes next year.
PepsiCo's plans for modest price hikes next year could potentially affect its performance. However, the company's mention in the context of Procter & Gamble's confidence in its customers' resilience to price increases suggests that PepsiCo may also be expecting its customers to absorb these price hikes.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50