Procter & Gamble lowers FY13 EPS view to $3.94 to $4.04 from $3.97 to $4.07 P&G adjusted its core earnings per share guidance for the year to a range of $3.94 to $4.04 from a prior range of $3.97 to $4.07 to reflect the 3c per share operating impact on core earnings. Consensus for FY13 EPS is $4.07. The Procter & Gamble Company provided an update of its fiscal year 2013 earnings per share outlook following the Venezuelan government’s announced intention to devalue its currency (bolivar fuerte).
Procter & Gamble: There is no doubt we are in a stretch of global volatility The company said there is a high amount of volatility both politically and economically. The company said it is "trying its best" and that they're "on it."
Procter & Gamble sees significant savings opportunities The company plans to create a new P&G over the next 18-24 months that will consist of 70-80 brands organized in a dozen businesses. The company plans to reduce waste, and to have a North Aerican supply chain redesign that will see fewer, multi-category plants and more common manufacturing platforms. Comments taken from P&G Annual Meeting of Shareholders.