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%.
Those operating trends convinced CEO David Taylor and his team to change their tone on the new year in a break from their cautious outlook in late July.
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Source Fool.com
