Where Will Procter & Gamble Stock Be in 1 Year?
April is a busy month for investors in Procter & Gamble (NYSE: PG). The consumer staples company will announce third-quarter earnings results on April 21. Management also typically reveals its annual dividend hike around that time.
The earnings update will include P&G's revised outlook for a fiscal year that's bringing further demand pressures but easing cost and supply chain challenges. Let's look at how these factors might set shareholders up for solid returns in 2023 and beyond.
The main worry heading into the earnings report is that consumers are getting more cautious in their spending. Sure, P&G reported a solid 5% increase in organic sales in the most recent quarter. But looking beyond that headline figure reveals sales challenges.
Source Fool.com
