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P&G raises forecast after earnings top expectations, fueled by 8% jump in sales – CNBC

Procter & Gamble raised its fiscal 2021 forecast for the second consecutive quarter.



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Procter & Gamble on Wednesday raised its outlook for the second consecutive quarter after its revenue rose 8%, fueled by higher demand for its cleaning products and shaving and styling products as the pandemic continues to guide consumer behavior.
The Tide owner now expects sales growth of 5% to 6% in fiscal 2021, up from its prior outlook of 3% to 4% growth. It’s also forecasting that its adjusted earnings will rise 8% to 10%, up from the previous target of 5% to 8%.
Shares of the company jumped…

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