The Cincinnati-based consumer goods giant Procter & Gamble has said it is on track to meet previously announced sales and earnings guidance for the first quarter of fiscal 2006-7.

The company expects sales to grow by between 23% and 27% during the quarter. Procter & Gamble also anticipates diluted earnings per share to total between US$0.76 and $0.78.

The company’s results for the July to September period will be released on 31 October.