- Procter & Gamble (NYSE:PG) trades higher after reporting organic sales growth of 8% vs. 6.4% consensus. The growth was driven by a five percent increase in shipment volume, one percentage point of increased pricing and two percentage points of positive mix impact. Positive mix was driven by the disproportionate growth of the higher-priced Home Care and Appliances categories and the North America region. Foreign exchange had no net impact to net sales for the quarter.
- The company's adjusted gross margin was 53.1% vs 52.3% consensus and the adjusted operating margin was 27.2% vs. 25.2% consensus.
- Shares pf P&G are up 1.15% premarket to $134.99 as investors latch on to the guidance boost.
Procter & Gamble up 1% after organic sales growth impresses
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| Symbol | Last Price | % Chg |
|---|---|---|
| PG | - | - |
| The Procter & Gamble Company | ||