Why Procter & Gamble Is Cautious About 2021
Investors liked what they heard from Procter & Gamble (NYSE: PG) last week as the company closed out its best fiscal year in over a decade. Sales gains beat management's target for the fourth consecutive quarter, and cash flow and profitability each ticked higher.
Management is optimistic about maintaining the positive momentum but expects a few of these key metrics to worsen in fiscal 2021, which started on July 1. CEO David Taylor and his team broke down the factors behind their updated outlook in a conference call with investors, and below are a few highlights from that presentation.
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Source Fool.com
