Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Growth In Developing Regions Drives P&G Sales - Nonwovens Industry

What are you searching for?

Sign in
Financial

Growth In Developing Regions Drives P&G Sales

Procter & Gamble announced net sales growth of 10% for the April-June quarter to $21.3 billion and 9% net sales growth for the fiscal year to $83.5 billion.

Author Image

By: Karen McIntyre

Editor, Nonwovens Industry

Organic sales were up 5% for both the quarter and the fiscal year. Net sales in developing regions continued to grow at a double-digit rate.

Net earnings were up 33% for the quarter to $3 billion and 17% for the fiscal year to $12.1 billion. This marks the seventh year and 24th consecutive quarter in which P&G delivered top-line growth at or above the company’s targets.

Quality of earnings growth was strong as operating profit increased 13% for the quarter and 11% for the fiscal year behind sales growth and operating margin improvement. Operating margin was up due to overhead productivity improvements and increased pricing, which combined more than offset a significant increase in commodity and energy costs.

In terms of full-year results, net sales in fiscal 2008 increased 9% to $83.5 billion behind 4% volume growth. Volume growth was driven by continued double-digit growth in developing regions. Net earnings grew 17% during the fiscal year to $12.1 billion behind sales growth, operating margin improvement and a lower tax rate.

Fabric Care and Home Care net sales increased 13% during the quarter to $6.1 billion. Volume grew 4% and was broad-based with growth in every region. Price increases added 4% to net sales and foreign exchange contributed 6% to sales growth.


Add us as a preferred source on Google

Get the latest Nonwovens Industry news, insights and analysis in your Google Search and AI experiences.

Add Nonwovens Industry as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Nonwovens Industry Newsletters