Procter & Gamble sticks to Oct-Dec outlook -paper
FRANKFURT Jan 14 (Reuters) - Procter & Gamble Co (PG.N), the world's largest household products company, stuck to its guidance for the October through December quarter despite market fears of a slowdown in U.S. consumer spending.
Asked how the company had performed over the Christmas period, P&G Vice Chairman of Global Operations Bob McDonald told German newspaper Handelsblatt he could not be specific because the company was in its closed period ahead of forthcoming results.
But he added: "All I'll say is that we have given an outlook for the fourth quarter and we have not changed this outlook."
The company is set to release quarterly results on Jan. 31 and has said it expects earnings per share to be $0.95 to $0.97. McDonald also said P&G was more likely a seller of assets than a buyer in the short term to trim its portfolios.
"In the longer term, acquisitions are part of our strategy," he said.
(Reporting by Mantik Kusjanto; Editing by David Holmes)
((mantik.kusjanto@reuters.com; +49 69 7565 1203; Reuters Messaging: mantik.kusjanto.reuters.com@reuters.net)) Keywords: PROCTER&GAMBLE/
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