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PROCTER & GAMBLE Co 8-K Report, Regulation FD Disclosure (Nov 12, 2008)

Reports
Regulation FD
Filing Date
Filed November 12, 2008
Period End
November 10, 2008
Security
PG
In the record · 2016–202610-K1210-Q328-K225

PG filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 225 current reports (8-K) between 2016 and 2026.

  1. FY2019 annual report10-K · Aug ’19Aug ’19
  2. Leadership change8-K · Jan ’22Jan ’22
  3. Leadership change8-K · Dec ’25Dec ’25

01—Abstract

Summary

Summary of the 8-K filed November 12, 2008. Cited figures are marked; the original filing is the authoritative source.

This 8-K filing from The Procter & Gamble Company (PG), dated November 10, 2008, provides an update on the final results of its exchange offer related to the separation of its coffee business, specifically the Folgers brand.

Investors will note that P&G has revised its estimated after-tax gain from the Folgers transaction upwards by $0.13a per share, to approximately $0.63 per share. This revised gain directly impacts the company's earnings per share (EPS) guidance. P&G now anticipates EPS of $1.58 to $1.63 for the October-December quarter and projects a fiscal year 2009 EPS in the range of $4.28 to $4.38.

02—Key points

Key Highlights

  1. Procter & Gamble (P&G) announced updated financial results for its coffee business (Folgers) separation.
  2. The after-tax gain from the Folgers transaction is now estimated at approximately $0.63 per share, an increase of $0.13 per share from the prior estimate.
  3. This revised gain positively impacts P&G's earnings per share (EPS) outlook.
  4. The company now expects EPS of $1.58 to $1.63 for the October-December 2008 quarter.
  5. P&G has updated its fiscal year 2009 EPS guidance to a range of $4.28 to $4.38.
  6. The final gain on the transaction will be reported with the company's December quarter results, scheduled for January 30, 2009.
  7. This information is being disclosed under Regulation FD and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.

03—Questions

Frequently Asked Questions

  1. What is the main purpose of this 8-K filing?

    This filing provides an update on the final results of Procter & Gamble's exchange offer for its coffee business, specifically the Folgers brand, and revises the company's earnings per share (EPS) guidance based on the transaction's outcome.

  2. How has the estimated gain from the Folgers transaction changed?

    The estimated after-tax gain from the Folgers transaction has been increased by $0.13 per share, bringing the new total estimate to approximately $0.63 per share.

  3. What is the new EPS guidance for the current quarter and fiscal year?

    P&G now expects earnings per share (EPS) to be between $1.58 and $1.63 for the October-December 2008 quarter. For the full fiscal year 2009, the company projects EPS in the range of $4.28 to $4.38.

  4. When will the final gain from the Folgers transaction be officially reported?

    The final gain on the Folgers transaction is planned to be announced as part of P&G's report of its December quarter results, which is currently scheduled for January 30, 2009.

04—Continue

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