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A visual representation of Procter & Gamble (PG) Q3 2020 earnings results

The Procter & Gamble Company (NYSE: PG) reported its financial results for the quarter ended March 31, 2020 today.

Procter & Gamble posted a 6% increase in earnings for the third quarter of 2020 driven by higher revenue. There was strong consumer demand in North America and certain European markets due to the COVID-19 pandemic. This was partially offset by volume decreases in certain Asian markets due primarily to temporary disruption of consumer access to retail markets.

Procter & Gamble (PG) Q3 2020 earnings review

The company adjusted its outlook for fiscal 2020 all-in sales growth, from a range of 4-5% growth to a range of 3-4% growth, to reflect stronger headwinds from foreign exchange. The guidance for organic sales growth was maintained in the range of 4-5% and for all-in GAAP EPS growth at 235-245%. The core EPS growth outlook is maintained at 8-11%. The company expects to pay over $7.5 billion in dividends and repurchase $7-8 billion of common shares in fiscal 2020.

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