![](http://midgardfinance.com/companies/P/PG/logo.png)
Procter & Gamble [$PG] issued a press release on its first quarter results prior to the market opening. The company raised its full year guidance. The share price jumped by 2.6% from $119.08 to a 52 week high of $122.18.
![](http://midgardfinance.com/companies/P/PG/PG2020Q1_slide01.png)
Financials
All segments except grooming displayed positive organic sales growth. The main contributors to top and bottom line growth is the beauty segment along with the fabric & home care segment.
![](http://midgardfinance.com/companies/P/PG/PG2020Q1_revenue.png)
![](http://midgardfinance.com/companies/P/PG/PG2020Q1_margins.png)
![](http://midgardfinance.com/companies/P/PG/PG2020Q1_revenue_by_segment.png)
![](http://midgardfinance.com/companies/P/PG/PG2020Q1_profit_by_segment.png)
![](http://midgardfinance.com/companies/P/PG/PG2020Q1_margins_by_segment.png)
![](http://midgardfinance.com/companies/P/PG/PG2020Q1_growth_sales.png)
![](http://midgardfinance.com/companies/P/PG/PG2020Q1_growth_volume.png)
![](http://midgardfinance.com/companies/P/PG/PG2020Q1_growth_price.png)
Valuation
P&G has in 12 months gone up by more than 50% through expansion of multiples. As a consequence it is anything but cheap at current levels irrespective of having one of the best operating margins and currently displaying one of the best growth rates in the industry.
![](https://www.midgardfinance.com/plot/price/_/PG_evo_2010-01-01.png)
![](https://www.midgardfinance.com/plot/fundamentals/_/PG_operatingMargin_sumFalse_2019-10.png)
Media coverage
Reuters – P&G raises full-year forecast after beauty, healthcare brands drive profit beat
Bloomberg – P&G Gains After Posting Strong Sales Growth, Raising Outlook