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Procter & Gamble (PG) Q3 2022 earnings


Bottles of Tide laundry detergent, a product of Procter & Gamble, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California.

Mario Tama | beautiful pictures

Procter & Gamble It is expected to report its third-quarter financial earnings before the bell.

Here’s what Wall Street analysts are expecting, based on a Refinitiv survey:

  • Earnings per share: $1.29 expected
  • Turnover: $18.73 billion expected

Consumer goods giant P&G can play a role in helping investors as costs rise, shoppers weighing higher price tags.

So far, rising prices have helped the company preserve profits amid soaring inflation. Products like Oral-B toothbrushes and Gillette razors saw sales spike last quarter, thanks to price increases. But investors will be closely watching any changes in consumer behavior as shoppers face soaring prices at gas stations and in grocery store aisles.

Russia’s invasion of Ukraine has not only fueled inflation in the United States, but has also spurred scrutiny by P&G and other Western companies operating in Russia. P&G suspended operations in Ukraine and scaled back operations in Russia. These two countries account for less than 2% of its total revenue.

For fiscal year 2022, P&G is calling for sales growth of 3% to 4% and core earnings per share for 3% to 6%, according to its latest release. It also predicts a $2.6 billion headwind from inflation for the fiscal year.

Shares of P&G are up 16% over the past 12 months, giving them a market value of $381 billion.

This is breaking news. Please check back for updates.



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