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Procter & Gamble Confirms Prior Sales and Earnings Guidance for Fourth Quarter 2007/08

2008-07-15 08:26:00

    CINCINNATI, July 15, 2008 /EMWNews-FirstCall/ -- The Procter &

Gamble Company (NYSE: PG) confirmed previously announced sales and earnings

guidance for the April to June quarter of fiscal year 2007/08. The company

continues to expect sales growth for the quarter of 8 percent to 10

percent, organic sales growth in line with previous guidance and diluted

earnings per share of $0.76 to $0.78.

    Final results for the quarter are not yet available. P&G is scheduled

to announce the final results for the April to June quarter and fiscal year

2007/08 on August 5, 2008.

    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. Such statements are

based on financial data, market assumptions and business plans available

only as of the time the statements are made, which may become out of date

or incomplete. We assume no obligation to update any forward-looking

statement as a result of new information, future events or other factors.

Forward-looking statements are inherently uncertain, and investors must

recognize that events could differ significantly from our expectations. 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

merger with The Gillette Company, and to achieve the cost and growth

synergies in accordance with the stated goals of these transactions; (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 intellectual property matters as well as those related to the

integration of Gillette and its subsidiaries), 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, interest rate and commodity cost exposures; (8)

the ability to manage 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; (13) the ability to stay on the leading edge of innovation

and maintain a positive reputation on our brands; and (14) the ability to

successfully separate the company's coffee business. 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 Procter & Gamble

    Three 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(R), Tide(R), Ariel(R),

Always(R), Whisper(R), Pantene(R), Mach3(R), Bounty(R), Dawn(R), Gain(R),

Pringles(R), Folgers(R), Charmin(R), Downy(R), Lenor(R), Iams(R), Crest(R),

Oral-B(R), Actonel(R), Duracell(R), Olay(R), Head & Shoulders(R), Wella(R),

Gillette(R), and Braun(R). The P&G community consists of 138,000 employees

working in over 80 countries worldwide. Please visit for

the latest news and in-depth information about P&G and its brands.

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