View of Dawn dish cleaning soap liquid at Stop & Shop Supermarket.
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Procter & Gamble is set to report its fiscal fourth-quarter earnings outcomes before the market opens on Friday.
Here’s what Wall Street is anticipating, primarily based on a survey of analysts by Refinitiv:
- Earnings per share: $1.08, adjusted
- Revenue: $18.41 billion
P&G introduced Thursday night that current chief operating officer Jon Moeller will become CEO in November, replacing David Taylor, who will develop into govt chairman of the firm’s board of administrators. Taylor, 62, had been CEO since Nov. 1, 2015.
Last quarter, P&G’s earnings and revenue topped analysts’ estimates, as shoppers maintained pandemic shopping for traits like stocking up on cleansing provides. People additionally began shopping for magnificence merchandise once more.
The firm — whose portfolio contains Tide detergent, Charmin bathroom paper and Pampers diapers — is on monitor to raise prices on some products this autumn in response to greater commodity prices. Rival Kimberly-Clark, which makes Huggies, has additionally introduced value hikes on varied objects.
After the value will increase go into impact, P&G is planning to maintain market share by making an attempt to enhance shoppers’ notion of the worth of its merchandise and introducing new or upgraded objects. Companies reminiscent of P&G and Kimberly-Clark are betting shoppers will likely be keen to pay extra for the model model, as an alternative of choosing a less expensive personal label.
In its most just lately issued forecast for fiscal 2020, P&G mentioned it anticipated gross sales to be up 5% to 6% and adjusted earnings to develop of 8% to 10%. But the firm has additionally been absorbing greater uncooked materials and transportation prices, which might weigh on outcomes.
P&G shares are up lower than 1% 12 months to date. The firm has a market cap of $341.4 billion.
—CNBC’s Amelia Lucas contributed to this reporting.
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