Procter & Gamble Turns Up the Volume on Cash Returns

Demitri Kalogeropoulos, The Motley Fool
·3-min read
Procter & Gamble Turns Up the Volume on Cash Returns
Procter & Gamble Turns Up the Volume on Cash Returns

Just three months into its fiscal 2021 year, and Procter & Gamble (NYSE: PG) is already raising its outlook. The consumer staples giant just announced accelerating sales growth and improving profitability, which combined with stock repurchase spending to push core earnings per share higher by 22%. The headline sales growth number was impressive, with organic sales gains accelerating to 9% from 6% last quarter.