P&G raises annual core profit forecast on price hikes, easing costs

Yahoo Finance— (Reuters) -Procter & Gamble raised its annual core profit forecast on Friday, as it benefits from easing commodity costs and higher product prices of its cleaning and household items.

Yahoo Finance—3M beats profit estimates on price hikes, cost cuts. 3M said its dividend payout ratio is expected to be 40% of adjusted free cash flow, with a potential to increase over time following the spin off of its healthcare business. The company has benefited from steady price increases across categories, which have helped it offset inflation and slow demand in its electronics business. "We improved performance in our businesses through strong operational execution, completed the spin-off of Solventum, and finalized two major legal settlements,"...

Yahoo Finance—Coca-Cola raises annual sales forecast on global demand, higher prices. Both Coca-Cola and PepsiCo are also enjoying buoyant demand for their products in international markets such as Europe and Asia where relaunches of Georgia Coffee, Sprite reformulations and a foray into newer markets have helped bump up sales. Coca-Cola's organic revenue in Europe, Middle East and Africa rose 15% in the first quarter, while in North America it increased 7%. Coca-Cola has also increased the number of weeks that retailers promote its 1.25-liter sodas as part of a value bundle...

Yahoo Finance—DoorDash projects quarterly core profit below estimates on higher costs. DoorDash projected second-quarter core profit below expectations on Wednesday despite beating first-quarter revenue estimates, indicating that higher costs were offseting some of its gains from rising groceries and food orders. "When I look at the business from Q4 to Q1, costs did go up," said CFO Ravi Inukonda in an interview with Reuters, adding that the company passed on some fees to consumers. DoorDash expects adjusted earnings before tax, interest, depreciation, and amortization between...