Sales of beauty care products rose 9% to $23 billion behind a 5% volume increase. The company said volume was up in nearly every category. Net earnings increased 12% to $3.5 billion.
Fabric care and home care sales increased 11% in fiscal 2007 to $19 billion behind 8% volume growth. Volume growth was broad-based across regions with mid-single digit increases in developed regions and double-digit growth in developing regions. Net earnings increased 18% to $2.8 billion. In the fourth quarter, corporate sales rose 8% to $19.3 billion. Beauty care sales rose 8% to $5.9 billion. Fabric and home care sales rose 10% to $4.8 billion.
In other financial news, P&G announced that it will repurchase $24-$30 billion of company shares during the next three years at a rate of $8-$10 billion per year.