Procter & Gamble Breaks Down an Unusually Good Quarter
Procter & Gamble (NYSE: PG) is feeling more optimistic about its growth prospects. The consumer staples giant recently announced surprisingly strong fiscal first-quarter results across key metrics like market share, profitability, and cash flow. Management responded by boosting its outlook for 2021, including for cash returns to shareholders.
In a conference call with Wall Street analysts, CFO Jon Moeller and his team broke down that quick start to the year while detailing a few risks to their brightening outlook. Let's look at some highlights from that discussion.
We accelerated to 9% this quarter against a strong 7% base period comparison. Strong momentum reflecting the underlying strength of our brands and the appropriateness of the strategy, which is driving our business pre, during and at some point post COVID.
Source Fool.com
