Should You Buy Procter & Gamble Stock Before July 29?
Procter & Gamble is about to report earnings, and its earnings update may not be great reading.
Overview
Procter & Gamble (NYSE: PG) makes relatively inexpensive products that consumers buy regularly. Moreover, the products it sells, like toothpaste and toilet paper, are necessities. Overall, this consumer staples giant has a very reliable business. But it is still facing notable headwinds right now that could make the company's July 29 earnings release a relatively tough read. Here's what you need to know.
When P&G reported fiscal third-quarter results roughly three months ago, its sales rose 7%, and its organic sales jumped 3%. Those are solid figures in the consumer staples space, a sector traditionally known for slow, steady growth. Management maintained its full-year guidance on both metrics, with overall sales expected to rise between 1% and 4%, and organic sales to be flat to up 4%.
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Originally published at www.fool.com.