- Guides Q2 EPS $1.45-1.50 v $1.47e, Rev +1-3%, including a 1-2% Negative FX impact on revenues.
- Guides FY09 EPS $4.15-4.25 v $4.15e ($3.84-3.91 prior), organic sales to grow 4-6% .
- Q1 gross margin 50.5%, -240bps y/y.
- FX +5% impact on revenues.

Other headlines for [PG]

• PG 1/6/2009 01:58pm
  Procter & Gamble Co Reaches Settlement on Patent Infringement Lawsuit with Fruit of the Earth- filed on December 12, 2007 against Fruit of the Earth for trade dress and patent infringement on its Olay Regenerist brands. more...
  
• 1/5/2009 02:29pm
  (US) Meg Whitman considering running for Governor of California - WSJ citing sources- Resigned from Procter and Gamble Board effective Dec 31, also resigned from Ebay and Dreamworks boards
  
• PG 12/11/2008 06:09pm
  Procter & Gamble Co Files an infringement suit on Herbal Essences against Apollo Health and Beauty Care- Company noted that the suit was filed in the Federal Court of Canada, which involves its Herbal Essences brand more...
  
• PG 12/11/2008 08:57am
  Procter & Gamble Co CEO: Sees opportunities to raise market share, calls PG "recession resistant" but not "recession proof" - conf call- Remarks that is stopping all investments in pharmaceuticals, will consider more...
  
• PG 12/11/2008 08:39am
  Procter & Gamble Co Expects margins to expand 75bps a year, US private label business is growing modestly- Says surprised that inventory levels had to be adjusted so quickly and dramatically. - Does not anticipate any more...
  

Consumer staples sector headlines

• TSN Today 03:32pm
  Tyson Foods Inc Interim CEO: No major layoffs planned, poultry units wil be restructured- The company intends to select a new, permanent CEO as soon as possible and hopes the new leader can be identified from the more...
  
• CPWM Today 02:31pm
  Cost Plus Inc. Reports Dec SSS -4.3%; announces plans to close 26 stores- Expects pre tax impairment of $4M - will reduce home office and distribution center staff by 18% and will implement a number of additional more...
  
• CVS Today 12:39pm
  CVS Corp Hearing removed from Goldman Sachs conviction buy list (timing uncertain)
  
• DMND Today 09:08am
  Diamond Foods, Inc. Long Bow Research Raised DMND to Buy from Neutral, price target: $27
  
• CVS Today 08:49am
  CVS Corp CFO: Guides FY09 Rev growth of 10.5-12.5% - conf call- Guides Q1 Rev +8-10% - Puts 2009 CAPEX at $1-1.2B with free cash flow of approx $3.5B