CINCINNATI
, Sept. 19, 2005 –
The Procter & Gamble
Company (NYSE: PG)
confirmed previously
announced earnings
per share guidance
for the July to September
quarter despite disruption
of the coffee business
and higher commodity
materials costs. P&G
continues to expect
earnings per share
of $0.75 to $0.76 for
the first quarter.
The company stated
it expects sales growth
toward the upper end
of the previous guidance
range of six percent
to eight percent for
the quarter. The strong
sales growth continues
to be led by the Beauty
and Health businesses
and in developing market
geographies. The higher
volume and sales growth
should offset the -$0.01
to -$0.02 first quarter
earnings per share
impact related to the
hurricane.
While it is too early
to completely and accurately
assess the hurricane
damage impacts beyond
the July to September
period, P&G stated
that it expects continued
strong business momentum
and ongoing cost savings
efforts to allow the
company to offset the
hurricane’s impact
on the fiscal year
results.
Forward Looking
Statements
All
statements, other than
statements of historical
fact included in this
release, are forward-looking
statements, as that term
is defined in the Private
Securities Litigation
Reform Act of 1995. In
addition to the risks
and uncertainties noted
in this release, there
are certain factors that
could cause actual results
to differ materially
from those anticipated
by some of the statements
made. These include:
(1) the ability to
achieve business plans,
including with respect
to lower income consumers
and growing existing
sales and volume profitably
despite high levels
of competitive activity,
especially with respect
to the product categories
and geographical markets
(including developing
markets) in which the
Company has chosen
to focus; (2) the ability
to successfully execute,
manage and integrate
key acquisitions and
mergers, including
(i) the Domination
and Profit Transfer
Agreement with Wella,
and (ii) the Company’s
agreement to merge
with The Gillette Company,
including obtaining
the related required
shareholder and regulatory
approvals; (3) the
ability to manage and
maintain key customer
relationships; (4)
the ability to maintain
key manufacturing and
supply sources (including
sole supplier and plant
manufacturing sources);
(5) the ability to
successfully manage
regulatory, tax and
legal matters (including
product liability,
patent, and other intellectual
property matters),
and to resolve pending
matters within current
estimates; (6) the
ability to successfully
implement, achieve
and sustain cost improvement
plans in manufacturing
and overhead areas,
including the Company's
outsourcing projects;
(7) the ability to
successfully manage
currency (including
currency issues in
volatile countries),
debt (including debt
related to the Company’s
announced plan to repurchase
shares of the Company’s
stock), interest rate
and certain commodity
cost exposures; (8)
the ability to manage
the continued global
political and/or economic
uncertainty and disruptions,
especially in the Company's
significant geographical
markets, as well as
any political and/or
economic uncertainty
and disruptions due
to terrorist activities;
(9) the ability to
successfully manage
competitive factors,
including prices, promotional
incentives and trade
terms for products;
(10) the ability to
obtain patents and
respond to technological
advances attained by
competitors and patents
granted to competitors;
(11) the ability to
successfully manage
increases in the prices
of raw materials used
to make the Company's
products; (12) the
ability to stay close
to consumers in an
era of increased media
fragmentation; and
(13) the ability to
stay on the leading
edge of innovation.
For additional information
concerning factors
that could cause actual
results to materially
differ from those projected
herein, please refer
to our most recent
10-K, 10-Q and 8-K
reports.
About P&G
Two
billion times a day,
P&G brands
touch the lives of
people around the world.
The company has one
of the strongest portfolios
of trusted, quality,
leadership brands,
including Pampers®,
Tide®, Ariel®, Always®,
Whisper®, Pantene®,
Bounty®, Dawn®, Pringles®,
Folgers®, Charmin®,
Downy®, Lenor®, Iams®,
Crest®, Actonel®, Olay®,
Head & Shoulders®,
and Wella. The P&G
community consists
of almost 110,000 employees
working in over 80
countries worldwide.
Please visit http://www.pg.com for
the latest news and
in-depth information
about P&G and its
brands.
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P&G
Media Contact :
In the US : 1-866-PROCTER
or 1-866-776-2837
International:
+ 00 1 513 945 9087
P&G
Investor Relations
Contact :
Chris Peterson: +
00 1 513 983 2414
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