Procter & Gamble is expected to report its second-quarter earnings before the market's open on Wednesday.
Here's what the company is expected to report, based on a survey of analysts by Refinitiv:
- Earnings per share: $1.21
- Revenue: $17.15 billion
The company announced in November it is reorganizing its operational structure, a move activist investor Nelson Peltz lobbied for before he joined the company's board in March. As part of P&G's new business structure, the company will now have six sector business units organized by industry. Each business will have a unit CEO responsible for running all major decisions, like marketing, costs and supply chain.
In October, it reported its biggest quarterly sales gain in five years, with a number of brands, including its Gillette shaving business and its beauty business, delivering strong performance.
Still, the maker of everyday household goods like Tide laundry detergent, Crest toothpaste and Charmin toilet paper has been squeezed by rising commodity costs, shipping expenses and foreign exchange rates.
This is a breaking news story. Please check back for updates.
from Top News & Analysis https://cnb.cx/2Tb7bGavia IFTTT
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