Cincinnati's Procter & Gamble Co., which shut its Pringles factory in Tennessee for two weeks last month after tornado damage, Thursday said it will still meet the high end of its fiscal fourth-quarter profit forecast because of lower expenses at other operations.

Excluding restructuring costs, profit will rise as much as 12 percent in the quarter ending in June, the company said. P&G is the largest U.S. maker of household goods, including Tide detergent and Ivory soap.

Chief executive A.G. Lafley has been contracting out services, severing employees and offering early retirement to cut $2 billion in expenses by next year. A tornado forced the shutdown of the Pringles plant in Jackson, Tenn., and led the company to cut its sales forecast by one percentage point.

Sales will rise 6 percent to 7 percent this quarter, less than the company's forecast for a 6 percent to 8 percent rise.