Procter & Gamble Q2 Earnings Preview: Will Inflation Take a Bigger Bite Out of Profits?

Motley Fool2022-01-15

International consumer packaged goods giant Procter & Gamble (NYSE:PG) is scheduled to report fiscal 2022 second-quarter earnings on Jan. 19. While sales have been increasing since the pandemic onset,...

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精彩评论

股惑仔79
2022-01-16
股惑仔79
[What]
13d9e85d
2022-01-15
13d9e85d
L
- 股惑仔79:
  Ok
ckww
2022-01-15
ckww
I believe that P&G will still remain profitable as the are selling mostly essential goods that people need to use everyday.
- DaisyMoore:
  P &G's performance has always been very good. It focused on the commodity industry and lasted for many years. It has always been the first in the industry!
- NinaEmmie:
  You have a point. P &G has many products, which shows that it has great guarantee to make profits.
- EvelynHoover:
  P &G has done very well in the commodity industry. But I think there are few opportunities for its growth.
- PagRobinson:
  I agree with you. P & G has a large market share in the commodity industry.
Tanyl
2022-01-15
Tanyl
PG is a good co to invest
Zasper
2022-01-15
Zasper
Why my post can't be seen?
Boo2bear
2022-01-15
Boo2bear
Will be good.

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While sales have been increasing since the pandemic onset,...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/14/proctor-gamble-q2-earnings-preview-inflation/\">网页链接</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Procter & Gamble Q2 Earnings Preview: Will Inflation Take a Bigger Bite Out of Profits?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nProcter & Gamble Q2 Earnings Preview: Will Inflation Take a Bigger Bite Out of Profits?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-15 09:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/14/proctor-gamble-q2-earnings-preview-inflation/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>International consumer packaged goods giant Procter & Gamble (NYSE:PG) is scheduled to report fiscal 2022 second-quarter earnings on Jan. 19. While sales have been increasing since the pandemic onset,...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/14/proctor-gamble-q2-earnings-preview-inflation/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PG","symbol_name":"宝洁","start_time":0,"source_url":"https://www.fool.com/investing/2022/01/14/proctor-gamble-q2-earnings-preview-inflation/","article_id":"2203714737","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2203714737","pubTimestamp":1642211689,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"The consumer packaged goods giant is grappling with rising costs as inflation rattles world economies.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PG":"宝洁","QTWO":"Q2 Holdings Inc"},"translate_title":"宝洁公司第二季度收益预览：通货膨胀会对利润产生更大的影响吗？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PG":1,"QTWO":1},"content_text":"International consumer packaged goods giant Procter & Gamble (NYSE:PG) is scheduled to report fiscal 2022 second-quarter earnings on Jan. 19. While sales have been increasing since the pandemic onset, Procter & Gamble (P&G) is grappling with the pressures from rising costs as economies are reopening.The coronavirus pandemic is causing shortages of workers in all parts of the world, as fewer people are willing to work or governments aren't allowing them to work while a potentially deadly virus is still circulating aggressively. The company has already warned the market of the magnitude of harm that inflation will do to profits. Investors will be tuning in to P&G's second-quarter results next Wednesday, looking at how accurate management's predictions were.Inflation is taking a bite out of P&G's profitsProcter & Gamble sells a host of popular products that are used at home, including Tide detergent, Bounty paper towels, and Oral-B teeth cleaning products. The coronavirus pandemic caused billions of people to spend more time at home. Unsurprisingly, this helped boost the sales of P&G products, which have a lot of brand recognition and trust among consumers. In 2020 and 2021, revenue increased by 4.8% and 7.3%, respectively. The aforementioned were the highest growth rates for P&G in the last decade.Management expects this robust sales growth to continue in fiscal 2022. It guided to a range of 2% to 4%, and after the excellent results in the first quarter (ended Sept. 30), management said it thinks the higher end of that range is more likely. The more significant challenge for P&G will be on the cost side of things. Here's what CFO Andre Schulten said on the matter in the company's first-quarter conference call:Input costs have continued to rise since we gave our initial outlook for the year in late July. Based on current spot prices, we now estimate a $2.1 billion after-tax commodity cost headwind in fiscal 2022. Fiscal cost -- freight costs have also continued to increase. We now expect freight and transportation costs to be an incremental $200 million after-tax headwind in fiscal '22. We will offset a portion of these higher costs with price increases and with productivity savings.Already, in P&G's first quarter, it experienced a 400-basis-point hit to gross margins from higher prices paid for commodities and shipping. With the omicron variant creating yet another wave of rising coronavirus infection, labor and materials shortages are likely to persist at least a bit longer. Interestingly, the guidance for $2.3 billion of incremental costs due to rising inflation was before the most recent COVID-19 wave. That means there is a chance that management could revise the figure even higher when the company reports Q2 results.What this could mean for investorsAnalysts on Wall Street expect Procter & Gamble to report revenue of $20.4 billion and earnings per share (EPS) of $1.66 in Q2. If the company hits the EPS estimate on Wall Street, it could be an increase of just 1.2% from the same quarter last year.That would be below the pace of 3% to 6% EPS growth management has guided for 2022, but it also noted that most gains would flow in the second half of the year after price increases go into effect. Investors should stay tuned and see if management changes the yearly forecast after Q2 results are announced on Wednesday.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":697336230,"gmtCreate":1642267970912,"gmtModify":1642267971618,"author":{"id":"3577415105079753","authorId":"3577415105079753","name":"股惑仔79","avatar":"https://static.tigerbbs.com/2521bf7235578dd93b9e7d10c59d5058","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[What]&nbsp;","listText":"[What]&nbsp;","text":"[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/697336230","repostId":2203714737,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":697307512,"gmtCreate":1642257940434,"gmtModify":1642258306914,"author":{"id":"4105078156268430","authorId":"4105078156268430","name":"13d9e85d","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"L&nbsp;","listText":"L&nbsp;","text":"L","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/697307512","repostId":2203714737,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7181311,"gmtCreate":1642267980018,"gmtModify":1642267980113,"authorId":3577415105079753,"author":{"id":3577415105079753,"authorId":3577415105079753,"name":"股惑仔79","avatar":"https://static.tigerbbs.com/2521bf7235578dd93b9e7d10c59d5058","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697307512,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":697304489,"gmtCreate":1642257339660,"gmtModify":1642257340340,"author":{"id":"3581586523786578","authorId":"3581586523786578","name":"ckww","avatar":"https://static.tigerbbs.com/bc2cc1ef6533d547201ce880e7c04b9c","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"I believe that P&amp;G will still remain profitable as the are selling mostly essential goods that people need to use everyday.&nbsp;","listText":"I believe that P&amp;G will still remain profitable as the are selling mostly essential goods that people need to use everyday.&nbsp;","text":"I believe that P&G will still remain profitable as the are selling mostly essential goods that people need to use everyday.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/697304489","repostId":2203714737,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7183502,"gmtCreate":1642342867383,"gmtModify":1642342867383,"authorId":9000000000000640,"author":{"id":9000000000000640,"authorId":9000000000000640,"name":"DaisyMoore","avatar":"https://static.tigerbbs.com/0b6d4586dc3002807c92bc57e1b3a6bd","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697304489,"type":1,"supId":0,"prevId":0,"content":"P &amp;G's performance has always been very good. It focused on the commodity industry and lasted for many years. It has always been the first in the industry!","text":"P &amp;G's performance has always been very good. It focused on the commodity industry and lasted for many years. It has always been the first in the industry!","html":"P &amp;G's performance has always been very good. It focused on the commodity industry and lasted for many years. It has always been the first in the industry!"},{"id":7183482,"gmtCreate":1642342136162,"gmtModify":1642342136162,"authorId":9000000000000454,"author":{"id":9000000000000454,"authorId":9000000000000454,"name":"NinaEmmie","avatar":"https://static.tigerbbs.com/5fc0bb702215fdd5f1335f8d65e3e9bc","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697304489,"type":1,"supId":0,"prevId":0,"content":"You have a point. P &amp;G has many products, which shows that it has great guarantee to make profits.","text":"You have a point. P &amp;G has many products, which shows that it has great guarantee to make profits.","html":"You have a point. P &amp;G has many products, which shows that it has great guarantee to make profits."},{"id":7183460,"gmtCreate":1642341569388,"gmtModify":1642341569388,"authorId":9000000000000591,"author":{"id":9000000000000591,"authorId":9000000000000591,"name":"EvelynHoover","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697304489,"type":1,"supId":0,"prevId":0,"content":"P &amp;G has done very well in the commodity industry. But I think there are few opportunities for its growth.","text":"P &amp;G has done very well in the commodity industry. But I think there are few opportunities for its growth.","html":"P &amp;G has done very well in the commodity industry. But I think there are few opportunities for its growth."},{"id":7183421,"gmtCreate":1642340817658,"gmtModify":1642340817658,"authorId":9000000000000432,"author":{"id":9000000000000432,"authorId":9000000000000432,"name":"PagRobinson","avatar":"https://static.tigerbbs.com/f27744c1fabf17b5f44122ab53e7da10","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":697304489,"type":1,"supId":0,"prevId":0,"content":"I agree with you. P &amp; G has a large market share in the commodity industry.","text":"I agree with you. P &amp; G has a large market share in the commodity industry.","html":"I agree with you. P &amp; G has a large market share in the commodity industry."}],"langContent":"CN"},{"id":697300458,"gmtCreate":1642250311812,"gmtModify":1642250312288,"author":{"id":"4087109808120260","authorId":"4087109808120260","name":"Tanyl","avatar":"https://static.tigerbbs.com/174329973340cf0f5b68791ee5b08afd","vip":1,"crmLevel":7,"crmLevelSwitch":0},"htmlText":"PG is a good co to invest","listText":"PG is a good co to invest","text":"PG is a good co to invest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/697300458","repostId":2203714737,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":697955201,"gmtCreate":1642234362908,"gmtModify":1642234363026,"author":{"id":"3575188860884045","authorId":"3575188860884045","name":"Zasper","avatar":"https://static.tigerbbs.com/647533310e84099eea8515d90e6e2f94","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Why my post can't be seen?&nbsp;","listText":"Why my post can't be seen?&nbsp;","text":"Why my post can't be seen?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/697955201","repostId":2203714737,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":697956699,"gmtCreate":1642233510071,"gmtModify":1642233511682,"author":{"id":"3578969648963961","authorId":"3578969648963961","name":"Boo2bear","avatar":"https://static.tigerbbs.com/209ae746c8124fe2d5f79aee784d2fcc","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Will be good.&nbsp;","listText":"Will be good.&nbsp;","text":"Will be good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/697956699","repostId":2203714737,"repostType":4,"repost":{"id":"2203714737","pubTimestamp":1642211689,"share":"https://www.laohu8.com/m/news/2203714737?lang=&edition=full","pubTime":"2022-01-15 09:54","market":"us","language":"en","title":"Procter & Gamble Q2 Earnings Preview: Will Inflation Take a Bigger Bite Out of Profits?","url":"https://stock-news.laohu8.com/highlight/detail?id=2203714737","media":"Motley Fool","summary":"The consumer packaged goods giant is grappling with rising costs as inflation rattles world economies.","content":"<html><head></head><body><p>International consumer packaged goods giant <b>Procter &amp; Gamble</b> (NYSE:PG) is scheduled to report fiscal 2022 second-quarter earnings on Jan. 19. While sales have been increasing since the pandemic onset, Procter &amp; Gamble (P&amp;G) is grappling with the pressures from rising costs as economies are reopening.</p><p>The coronavirus pandemic is causing shortages of workers in all parts of the world, as fewer people are willing to work or governments aren&#39;t allowing them to work while a potentially deadly virus is still circulating aggressively. The company has already warned the market of the magnitude of harm that inflation will do to profits. Investors will be tuning in to P&amp;G&#39;s second-quarter results next Wednesday, looking at how accurate management&#39;s predictions were.</p><h2>Inflation is taking a bite out of P&amp;G&#39;s profits</h2><p>Procter &amp; Gamble sells a host of popular products that are used at home, including Tide detergent, Bounty paper towels, and Oral-B teeth cleaning products. The coronavirus pandemic caused billions of people to spend more time at home. Unsurprisingly, this helped boost the sales of P&amp;G products, which have a lot of brand recognition and trust among consumers. In 2020 and 2021, revenue increased by 4.8% and 7.3%, respectively. The aforementioned were the highest growth rates for P&amp;G in the last decade.</p><p>Management expects this robust sales growth to continue in fiscal 2022. It guided to a range of 2% to 4%, and after the excellent results in the first quarter (ended Sept. 30), management said it thinks the higher end of that range is more likely. The more significant challenge for P&amp;G will be on the cost side of things. Here&#39;s what CFO Andre Schulten said on the matter in the company&#39;s first-quarter conference call:</p><blockquote>Input costs have continued to rise since we gave our initial outlook for the year in late July. Based on current spot prices, we now estimate a $2.1 billion after-tax commodity cost headwind in fiscal 2022. Fiscal cost -- freight costs have also continued to increase. We now expect freight and transportation costs to be an incremental $200 million after-tax headwind in fiscal &#39;22. We will offset a portion of these higher costs with price increases and with productivity savings.</blockquote><p>Already, in P&amp;G&#39;s first quarter, it experienced a 400-basis-point hit to gross margins from higher prices paid for commodities and shipping. With the omicron variant creating yet another wave of rising coronavirus infection, labor and materials shortages are likely to persist at least a bit longer. Interestingly, the guidance for $2.3 billion of incremental costs due to rising inflation was before the most recent COVID-19 wave. That means there is a chance that management could revise the figure even higher when the company reports Q2 results.</p><h2>What this could mean for investors</h2><p>Analysts on Wall Street expect Procter &amp; Gamble to report revenue of $20.4 billion and earnings per share (EPS) of $1.66 in Q2. If the company hits the EPS estimate on Wall Street, it could be an increase of just 1.2% from the same quarter last year.</p><p>That would be below the pace of 3% to 6% EPS growth management has guided for 2022, but it also noted that most gains would flow in the second half of the year after price increases go into effect. Investors should stay tuned and see if management changes the yearly forecast after Q2 results are announced on Wednesday.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Procter & Gamble Q2 Earnings Preview: Will Inflation Take a Bigger Bite Out of Profits?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nProcter & Gamble Q2 Earnings Preview: Will Inflation Take a Bigger Bite Out of Profits?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-15 09:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/14/proctor-gamble-q2-earnings-preview-inflation/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>International consumer packaged goods giant Procter & Gamble (NYSE:PG) is scheduled to report fiscal 2022 second-quarter earnings on Jan. 19. While sales have been increasing since the pandemic onset,...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/14/proctor-gamble-q2-earnings-preview-inflation/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PG":"宝洁","QTWO":"Q2 Holdings Inc"},"source_url":"https://www.fool.com/investing/2022/01/14/proctor-gamble-q2-earnings-preview-inflation/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2203714737","content_text":"International consumer packaged goods giant Procter & Gamble (NYSE:PG) is scheduled to report fiscal 2022 second-quarter earnings on Jan. 19. While sales have been increasing since the pandemic onset, Procter & Gamble (P&G) is grappling with the pressures from rising costs as economies are reopening.The coronavirus pandemic is causing shortages of workers in all parts of the world, as fewer people are willing to work or governments aren't allowing them to work while a potentially deadly virus is still circulating aggressively. The company has already warned the market of the magnitude of harm that inflation will do to profits. Investors will be tuning in to P&G's second-quarter results next Wednesday, looking at how accurate management's predictions were.Inflation is taking a bite out of P&G's profitsProcter & Gamble sells a host of popular products that are used at home, including Tide detergent, Bounty paper towels, and Oral-B teeth cleaning products. The coronavirus pandemic caused billions of people to spend more time at home. Unsurprisingly, this helped boost the sales of P&G products, which have a lot of brand recognition and trust among consumers. In 2020 and 2021, revenue increased by 4.8% and 7.3%, respectively. The aforementioned were the highest growth rates for P&G in the last decade.Management expects this robust sales growth to continue in fiscal 2022. It guided to a range of 2% to 4%, and after the excellent results in the first quarter (ended Sept. 30), management said it thinks the higher end of that range is more likely. The more significant challenge for P&G will be on the cost side of things. Here's what CFO Andre Schulten said on the matter in the company's first-quarter conference call:Input costs have continued to rise since we gave our initial outlook for the year in late July. Based on current spot prices, we now estimate a $2.1 billion after-tax commodity cost headwind in fiscal 2022. Fiscal cost -- freight costs have also continued to increase. We now expect freight and transportation costs to be an incremental $200 million after-tax headwind in fiscal '22. We will offset a portion of these higher costs with price increases and with productivity savings.Already, in P&G's first quarter, it experienced a 400-basis-point hit to gross margins from higher prices paid for commodities and shipping. With the omicron variant creating yet another wave of rising coronavirus infection, labor and materials shortages are likely to persist at least a bit longer. Interestingly, the guidance for $2.3 billion of incremental costs due to rising inflation was before the most recent COVID-19 wave. That means there is a chance that management could revise the figure even higher when the company reports Q2 results.What this could mean for investorsAnalysts on Wall Street expect Procter & Gamble to report revenue of $20.4 billion and earnings per share (EPS) of $1.66 in Q2. If the company hits the EPS estimate on Wall Street, it could be an increase of just 1.2% from the same quarter last year.That would be below the pace of 3% to 6% EPS growth management has guided for 2022, but it also noted that most gains would flow in the second half of the year after price increases go into effect. Investors should stay tuned and see if management changes the yearly forecast after Q2 results are announced on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":122,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2203714737"}