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Consumers these days are so lacking in confidence that all the therapy in the world probably couldn't help them. The housing market is in a tailspin, commodities are soaring and gas prices are nearing $4 a gallon. It is against this backdrop that Procter & Gamble Co. (NYSE: PG) reported better-than-expected first quarter results.

Profit rose to $2.71 billion, or 82 cents per share, compared with $2.51 billion, or 74 cents per share, a year ago. Revenue rose 9% to $20.46 billion from $18.69 billion last year. The Cincinnati-based company was expected to earn 81 cents on revenue of $21.44 billion, according to Thomson Financial.

"P&G delivered strong results in-line with long-term targets in a challenging economic and competitive environment with broad-based sales and share growth, earnings growth and overhead cost improvement," said Chief Executive AG Lafley in the earnings release.

Shares of the maker of Tide (my favorite detergent) and Pampers (our family's preferred diaper for my son) have slumped more than 10% this year under-performing rivals including Church & Dwight Co. (NYSE: CHD) and Colgate-Palmolive Co. (NYSE: CL). Uniliver Plc. (NYSE: UL) has fared slightly worse than P&G.

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Procter & Gamble holds steady as consumer confidence plunges originally appeared on BloggingStocks on Wed, 30 Apr 2008 09:09:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>CHDchurch dwightChurchDwightconsumer confidenceconsumer spendingConsumerConfidenceConsumerSpendingcrest toothpasteCrestToothpastefeaturedinthenewspampersPGprocter and gambleProcterAndGambletide detergantTideDetergantULWed, 30 Apr 2008 09:09:00 EST<![CDATA[Procter & Gamble's rising Tide]]>http://www.bloggingstocks.com/2007/05/01/procter-and-gambles-tide-rules/http://www.bloggingstocks.com/2007/05/01/procter-and-gambles-tide-rules/http://www.bloggingstocks.com/2007/05/01/procter-and-gambles-tide-rules/#commentsFiled under: , , , , ,

Procter & Gamble Co. (NYSE: PG), which today reported better-than-expected fiscal third quarter quarter results, owes no small part of its success to Tide detergent. It's easy to see why.

Like many consumers, I am a loyal Tide user. In my unscientific opinion, it's orders of magnitude better than other brands. Plus, the Cincinnati-based company continues to amaze me with how many variations of this stuff it can dream up. My laundry room now has Mountain Spring Tide. That's sounds great, even though I am not quite sure that that means since it's been years since I've smelled an actual mountain spring.

Luckily for Procter & Gamble shareholders, there are plenty of Tide devotees like me. Net income in the quarter that ended in March rose to $2.51 billion, or 74 cents a share, compared with $2.21 billion, or 63 cents, a year earlier. Sales rose 8.4% to $18.69 billion. Analysts had expected profit of 74 cents on revenue of $18.56 billion, according to Thomson Financial

Procter & Gamble also raised its guidance for the year from $3.01 to $3.03 per share compared with $2.99 to $3.03. Analysts are forecasting profit of $3.03. Sales are expected to rise 11 % to 12% this year and 5% on an organic basis.

That's quite a bit of Tide.

Still, I guess investors were expecting better. Shares of the company are trading down in pre-market trading. Maybe the company needs to work harder to come up with even more variations.

How early summer morning?

Better yet, why don't you send me your ideas for new Tides and I'll forward them to the company.

Procter & Gamble's rising Tide originally appeared on BloggingStocks on Tue, 01 May 2007 09:43:00 EST. Please see our terms for use of feeds.

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