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P&G Quarterly Sales Up 3%

Baby, Feminine & Family Care sales down slightly

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Procter & Gamble’s net sales in the April – June 2018 quarter were $16.5 billion, an increase of 3% versus the prior year period including a 2% positive impact from foreign exchange. Organic sales increased 1% on a 3% increase in organic volume. All-in volume increased 2%. Pricing reduced net sales by 2% due primarily to increased merchandising investments.

Baby, Feminine & Family Care segment organic sales decreased 2% versus prior year. Baby Care organic sales decreased high single digits due to market contraction in certain markets in the Middle-East, Africa and Latin America, volume declines following reduced deep-discounting by retailers versus the prior year period and consumer value investments to restore competitiveness, primarily on the Luvs brand. Feminine Care organic sales increased low single digits due to innovation and favorable product mix from the disproportionate growth of Always Discreet. Family Care organic sales increased low single digits due to product innovation and improved retail execution, partially offset by negative pack-size mix.

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