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P&G Raises Forecast On Strong First Half, Notes Price Increases As Potential Drag

 
• By Eileen Francis

P&G reports 4% organic growth in its fiscal 2019 Q2, building on a strong Q1 and prompting it to raise full-year organic guidance 1%. CFO Jon Moeller warns, however, possible market volatility and competitor activity related to potential price increases could sink its positive estimate.

PG Corporate Headquarters

Procter & Gamble Co. is betting that pricing increases and other potential drags won't stop organic sales from growing at the rate it estimates, which it raised following its latest quarter's results and based on launches and promotions planned through June.

The global marketer of consumer health, personal care, beauty and household care products could be onto something, analysts said following its fiscal 2019 second-quarter earnings briefing on Jan. 23.

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