GO
Loading...

Enter multiple symbols separated by commas

P&G Expects Double-Digit Earnings Growth

Procter & Gamble should return to double-digit earnings per share growth by fiscal 2008, Chief Financial Officer Clayt Daley said.

Daley, speaking to analysts and investors at the company's Cincinnati headquarters, also said that the integration of Gillette, which P&G bought in October 2005, is still on track. He said that he is confident in P&G's long-term sales growth target of 5% to 7%.

P&G's president of global grooming, Chip Bergh, said the company will introduce a new women's razor, Venus Breeze. The razor has a flexible strip of shaving gel, eliminating the need to use a separate shaving cream.

Rival Schick's Intuition razor, which has been on the market for years, has three razor blades surrounded by a skin conditioner, which lathers when wet. Schick is owned by Energizer Holdings.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Worried about having too many drinks on a work night? A study suggests that this isn’t such a big deal for your productivity.

  • A worker adds a liner and handle at the Mr. Ice Bucket factory in New Brunswick, New Jersey

    If you've stayed at the Venetian, a Trump property or a Marriott, you've probably used a made-in-America ice bucket.

  • Facebook's new Menlo Park Campus building 20, in Menlo Park, California.

    We tour Facebook's new digs in Menlo Park, designed by storied architect Frank Gehry. The new office campus sprawls across 430,000 square feet and sports a 9-acre rooftop park.

U.S. Video