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P&G Announces Sales, Earnings Results

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By: Karen McIntyre

Editor, Nonwovens Industry

Procter & Gamble’s fourth quarter net sales increased 6% to $21 billion, driven by higher unit volume and favorable foreign exchange.

Organic sales growth, which excludes the impacts of acquisitions, divestitures and foreign exchange was 5%.

“We are pleased with the top and bottom line underlying results for the quarter,” said chairman of the board, president and CEO Bob McDonald. “Our investments in innovation, portfolio expansion, marketing support and consumer value are working. We continue to drive simplification and leverage our scale to create cost advantages and accelerate growth. While economic uncertainty remains, we’re confident these strategies will enable P&G to serve more consumers in more parts of the world, more completely and deliver profitable market share growth.”

Baby care and family care net sales increased 10% to $3.8 billion for the quarter. Organic sales grew 8% behind volume growth, partially offset by negative 2% product mix impacts due to a shift toward larger count packages, which have lower than segment average selling prices.

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