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P&G Reports Financial Results

Organic sales up 4%, Baby, Feminine and Family Care segment organic sales down 1%

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Procter & Gamble’s net sales in the first quarter of fiscal year 2019 were $16.7 billion, in-line with the prior year. Unfavorable foreign exchange was a 3% hurt to sales for the quarter. Excluding the impacts of foreign exchange, acquisitions and divestitures, organic sales increased 4% driven by a 3% increase in shipment volume. Positive mix impact was a 1% help to organic sales due to the disproportionate organic growth of the Skin and Personal Care and Personal Health Care categories and strong growth in the U.S. Pricing was neutral to the quarter.

Baby, Feminine and Family Care segment organic sales decreased 1% versus year ago. Baby Care organic sales decreased mid-single digits as growth of premium-tier innovations were more than offset by declines on mid- and value-tier products and pricing investments to improve consumer value, primarily on the Luvs brand in the U.S. Feminine Care organic sales increased mid-single digits driven by innovation and positive product mix, due to the disproportionate growth of premium pad and adult incontinence products. Family Care organic sales increased mid-single digits due to innovation, increased distribution, and strengthened merchandising programs.

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