Procter & Gamble Earnings: What to Watch
Procter & Gamble (NYSE: PG) will publish the first-quarter results of its fiscal year 2021 in just a few days. The consumer staples giant has attracted more investor attention lately as the pandemic has Wall Street looking for steady sources of growth, cash flow, and dividend income.
P&G surpassed expectations on core metrics like these in each of its last few earnings reports and has a good shot at surprising investors again when it reports earnings on Tuesday, Oct. 20.
P&G was in the middle of its best expansion pace in years when the pandemic struck and pushed demand up to new levels. Panic-buying and pantry-stuffing for products like Tide detergent and Bounty paper towels pushed organic sales higher by 10% during the peak shutdown period in April and May.
Source Fool.com
