P&G FY24 Outlook: Revenue $85.72B-$87.40B Vs. $86.85B Estimate, Adj. EPS $6.91-$7.05 Vs. $6.97 Estimate
Portfolio Pulse from Benzinga Newsdesk
Procter & Gamble (P&G) has provided its fiscal year 2024 and 2025 outlook. For FY24, P&G expects revenue between $85.72B and $87.40B and adjusted EPS between $6.91 and $7.05. For FY25, P&G anticipates all-in sales growth of 2-4%, organic sales growth of 3-5%, and diluted net EPS growth of 10-12%. The company also expects a $500 million headwind from commodity costs and foreign exchange, and plans to pay $10 billion in dividends and repurchase $6-7 billion in shares.
July 30, 2024 | 11:01 am
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POSITIVE IMPACT
P&G's FY24 revenue and EPS estimates are in line with expectations, while FY25 guidance shows moderate growth despite headwinds from commodity costs and foreign exchange. The company plans significant dividends and share buybacks.
P&G's revenue and EPS estimates for FY24 are close to market expectations, which should maintain investor confidence. The FY25 guidance indicates moderate growth despite some headwinds, and the planned dividends and share buybacks are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100