P&G expects static sales figures in fiscal 2010
The Procter & Gamble Company has given a cautious earnings outlook for the coming fiscal year at an investor conference held earlier today. The company predicted fiscal 2010 organic sales growth of between 1% and 3% and earnings per share in the range of $3.65 to $3.80. Net sales, said P&G could go either way; the best-case scenario being a 1% increase on fiscal 2009 and the worst-case a 2% drop.
The Procter & Gamble Company has given a cautious earnings outlook for the coming fiscal year at an investor conference held earlier today. The company predicted fiscal 2010 organic sales growth of between 1% and 3% and earnings per share in the range of $3.65 to $3.80. Net sales, said P&G could go either way; the best-case scenario being a 1% increase on fiscal 2009 and the worst-case a 2% drop.
However, A G Lafley, ceo of P&G, remained positive outlining the company’s plans to accelerate innovation, reach consumers in emerging markets and continue simplification and productivity efforts to investors. “I remain confident in P&G and its long-term growth prospects,” commented Lafley. “We made the right choices over the last year to deal with the global economic crisis and I am confident we are making the right choices as we plan for next year.”
According to the Wall Street Journal website, P&G’s strategies may include price cuts. This follows several quarters of price increases by the company.