P&G Q2 2019 Earnings
On January 23, 2019, cosmetics and consumer products maker Procter & Gamble reported second quarter 2019 diluted earnings per share (EPS) of $1.22. Earnings were 31% better due to the impact of tax changes and revenue for the quarter was essentially unchanged versus last year.
P&G’s Beauty business excelled with organic sales growth of 8% in the quarter and their Grooming business struggled with a 3% organic sales decline. P&G raised forward sales guidance by 1% and maintained ‘core’ earnings guidance of 3% to 8% versus their fiscal 2018 ‘core’ earnings. A link to P&G’s full press release can be found here.