- Procter & Gamble (NYSE:PG): FQ2 Non-GAAP EPS of $1.64 beats by $0.13; GAAP EPS of $1.47 misses by $0.02.
- Revenue of $19.75B (+8.3% Y/Y) beats by $500M.
- Organic sales growth of 8% vs. consensus of +6.4%.
- The company raised its FY2021 outlook for organic sales growth from a range of +4% to +5% to a range of +5% to +6% and Adjusted EPS growth from a range of +5% to +8% to a range of +8% to +10% vs. consensus of growth of +9.4%.
- The company expects to pay ~$8B in dividends and adjusted free cash flow productivity to be in the range of 95% to 100% for FY2021.
- Shares +2.5% PM.
- Press Release
- Seeking Alpha contributor Regarded Solutions recently called P&G a "dividend aristocrat."