P&G To Share Confidence in Long-Term Strategies and Goals at 2008 Analy...( CINCINNATI Dec. 11 2008 /- The Procte...),Health

CINCINNATI, Dec. 11, 2008 /PRNewswire-FirstCall/ -- The Procter & Gamble Company (NYSE: PG) is holding its 2008 Analyst Meeting today in New York City, beginning at 8:30 a.m. Eastern Time. Chairman of the Board and Chief Executive Officer A.G. Lafley and the Company's executive management team will provide a review of the company's business results and long-term strategies, capabilities and growth opportunities.

Mr. Lafley will note the importance of strategic consistency in this difficult and volatile economic environment, and tell investors that P&G's long-term growth will be driven by a continued focus on the Company's core fundamentals -- building and supporting leading brands; ensuring that its brands are delivering superior consumer value; leading innovation that delights consumers and differentiates its brands from competitors; and managing cash, cost and organizational productivity with strict discipline.

In addition, the Company will confirm that, while it is operating in a more volatile environment, it is currently on track to meet its earnings per share guidance for both the October-December quarter and fiscal year 2009. P&G continues to expect earnings per share of $1.58 to $1.63 for the October- December quarter and $4.28 to $4.38 for the fiscal year.

P&G will also confirm that it continues to grow organic sales for both the quarter and fiscal year despite the difficult economic environment. P&G expects to grow organic sales for the October-December quarter, but below the four to six percent growth range estimated previously. This change is driven primarily by reductions in retailer, distributor and consumers' in-home inventories in both developed and developing markets. For the fiscal year, the Company expects to deliver organic sales growth in the range of four to six p
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