Richard B. Levine | Corbis | Getty ImagesHere's what Wall Street analysts surveyed by Refinitiv are expecting:This marks the first quarter that P&G will be facing tough comparisons related to booming coronavirus pandemic sales. A year ago, the consumer goods giant reported quarterly revenue growth of 5%, helped by consumer stockpiling of its Charmin toilet paper and Bounty paper towels.
Wall Street, however, still has high expectations for P&G. Analysts are expecting revenue growth of 4%, based on Refinitiv estimates. As the pandemic subsides, the company is forecasting that some trends will stick around for the long term, like higher demand for cleaning supplies, while others may moderate.
For fiscal 2021, P&G is expecting sales growth of 5% to 6% and adjusted earnings growth of 8% to 10%. In January, the companyThis story is developing. Please check back for updates.
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