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 P&G Announces Sales, Earnings - Nonwovens Industry

What are you searching for?

Sign in
Financial

P&G Announces Sales, Earnings

Procter & Gamble's fourth quarter net sales increased 2% to $21.3 billion.

Author Image

By: Karen McIntyre

Editor, Nonwovens Industry

Organic sales growth, which excludes the impact of acquisitions, divestitures and foreign exchange was 3%.

“We are expanding market shares by touching and improving the lives of more consumers in more parts of the world, more completely through our innovation and expansion plans,” said chairman of the board, president and CEO Bob McDonald. “This is driving strong volume and sales growth ahead of market levels. Core EPS is ahead of year-ago levels, and we are on track to deliver 7-9% growth for the year.”

Baby care and family care net sales increased 3% to $3.9 billion for the quarter. Organic sales grew 6%.Mix reduced net sales by 2%, driven mainly by disproportionate growth of mid-tier product lines, larger package sizes and developing regions, all of which have lower than segment average selling prices.


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