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 reports sales decrease - Nonwovens Industry

What are you searching for?

Sign in
Financial, Nonwovens News

P&G reports sales decrease

Author Image

By: Karen McIntyre

Editor, Nonwovens Industry

Procter & Gamble reported its first quarter sales were $20.7 billion, a 4% decrease compared to the prior year period. These results include a negative 6% impact from foreign exchange. The company continued to deliver broad-based organized sales growth with four of its five business segments increasing compared to the prior year.

“Our first quarter results put us on track to deliver our commitments for the fiscal year. Results were at the high end of expectations on the top line and ahead of plan on operating profit, earnings per share and cash,” says chairman, president and CEO Bob McDonald. “We are continuing to focus on executing our growth and productivity strategy—maintaining momentum in developing markets, strengthening our core developed market business, building a strong innovation pipeline, and aggressively driving cost savings and productivity improvements. We’re confident that this strategy will enable P&G to generate superior levels of shareholder return in both the short- and long-term.”

Within the baby care segment, organic sales increased 2% as higher pricing and strong growth in developing markets helped to offset contraction in developed regions.

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