Procter & Gamble raises FY18 core EPS growth view to 5%-8% from 5%-7%
P&G said it is maintaining its guidance for organic sales growth in the range of two to three percent for fiscal 2018. The company estimates all-in sales growth of about three percent for fiscal 2018, which includes a neutral to half-a-percentage-point benefit to sales growth from the combined impacts of acquisitions and divestitures and foreign exchange. P&G said it is raising its core earnings per share growth outlook from five to seven percent to five to eight percent versus fiscal 2017 Core EPS of $3.92. It is raising the upper-end of the guidance range to reflect the potential benefit from the Tax Act. Revenue and EPS consensus $67.05B and $4.18, respectively.