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P&G’s Sales Grow 7%

Baby, Feminine and Family Care segment organic sales up 10%

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

The Procter & Gamble Company’s net sales in the third quarter of fiscal year 2022 were $19.4 billion, a 7% increase versus the prior year. Organic sales, which exclude the impacts of foreign exchange and acquisitions and divestitures, increased 10%. The organic sales increase was driven by a 3% increase in shipment volumes, 5% from increased pricing, and a 2% increase from positive geographic and product mix.

“We delivered another quarter with strong sales growth and made sequential earnings growth progress despite significant and increasing cost headwinds,” says Jon Moeller, president and chief executive officer. “These results enable us to raise our top-line growth outlook for the fiscal year and to maintain our EPS guidance range. Our focus remains on the strategies of superiority, productivity, constructive disruption and continually improving P&G’s organization and culture. These strategies have enabled us to build and sustain strong momentum. They remain the right strategies to manage through the near-term cost and operational challenges we’re facing and to deliver long-term balanced growth and value creation.”

Baby, Feminine and Family Care segment organic sales increased 10% versus year ago. Baby Care organic sales increased double digits due to market growth, innovation and increased pricing. Feminine Care organic sales increased double digits driven by innovation, market growth, positive product mix and increased pricing. Organic sales grew in all regions. Family Care organic sales increased mid-single digits due to increased pricing.

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