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P&G Sticks with Profit, Sales View

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By: TOM BRANNA

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Procter & Gamble Co. today reiterated its previous guidance for profit and sales growth in the current quarter, ahead of a presentation to analysts by its chief executive. The maker of Tide laundry detergent, Crest toothpaste and Downy fabric softener said it expects earnings to rise in the mid-teens, or 14-16%, excluding restructuring items.Sales are expected to be up in the high single digit percent range on a constant-currency basis; volume, which excludes foreign exchange and price fluc...

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