Jim Cramer is Talking About These 14 Stocks Before Earnings

12. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 64

The Procter & Gamble Company (NYSE:PG) is set to release its earnings report on October 18. Cramer expressed concern about the company’s performance in China, saying:

“Friday, we hear from Procter & Gamble. And I fear what they’re going to say about China. Last quarter, their Chinese numbers were terrible. I don’t know if they can change that in just three months. The stock went up to $171 today, that worries me. I think it’s too hot. We sold the stock for the Charitable Trust this week. I think there are better places to be.”

Procter & Gamble (NYSE:PG), a leading name in the consumer packaged goods industry, operates globally, providing an extensive range of products that cater to various everyday needs. With a portfolio that holds personal care items, grooming products, health care solutions, and household cleaning supplies, it has a variety of trusted brands. From hair care and shaving essentials to oral hygiene, laundry, and family care products, the company has established itself as a household staple.

In recent years, Procter & Gamble (NYSE:PG) has navigated the challenges presented by the pandemic and the current inflationary environment effectively. The company has been able to implement price increases while maintaining customer loyalty, leading to a significant increase in organic sales. For fiscal 2024, which concluded on June 30, it reported a 4% rise in organic sales, largely fueled by a combination of higher sales volumes, price adjustments, and an uptick in sales of premium items. The core earnings per share saw an increase of 12%.

Additionally, the company is focused on returning value to its shareholders, which is evident in its substantial dividend payments and share repurchase programs. In fiscal 2024, the company distributed $9.3 billion in dividends and allocated $5 billion for share repurchases. The company’s recent guidance for fiscal 2025 shows expectations for approximately $10 billion in dividend payments and between $6 billion to $7 billion in stock repurchases.