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P&G Reports Q2 Earnings

Organic sales up 2%

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Procter & Gamble’s net sales in the second quarter of fiscal year 2017 were $16.9 billion, unchanged versus prior year, including a negative 2% impact from foreign exchange. Organic sales increased 2% driven by a 2% increase in organic shipment volume. Pricing and mix had no net impact on sales for the quarter. All-in volume increased 1% including the impacts of minor brand divestitures and lost sales to Venezuelan subsidiaries.

Baby, Feminine and Family Care segment organic sales increased 1% driven by organic volume growth in all three businesses. Baby care volume increased behind product innovation, increased marketing support and market growth. Feminine Care and Family Care organic volume growth was driven by product innovation. Organic sales increased low single digits in Feminine Care and mid-single digits in Family Care while decreasing low single digits in Baby Care due to increased promotional investments. 

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