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

Procter & & Gamble on Wednesday raised its outlook for the second successive quarter after its income rose 8%, fueled by greater need for its cleansing items and shaving and styling items as the pandemic continues to direct consumer behavior.The Tide owner now anticipates sales development of 5% to 6% in financial 2021, up from its previous outlook of 3% to 4% development. Its also forecasting that its adjusted revenues will increase 8% to 10%, up from the previous target of 5% to 8%. Home care, which includes Comet cleansing items, saw organic sales growth of 30% as more consumers cleaned up surface areas and dishes.The health care segment, which consists of Oral B and Vicks products, reported organic sales growth of 9%.

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