Breaking News

P&G Q1 Sales Rise 2%

October 25, 2013

Household and personal care giant brings in $21.2 billion.

The Procter & Gamble Company (P&G) reported first quarter fiscal year 2014 net sales rose 2% to $21.2 billion.
“P&G’s first quarter results were consistent with our plans and expectations, putting us on track to deliver our goals for the fiscal year,” said Chairman, President, and Chief Executive Officer A.G. Lafley. “We have good market share momentum, a number of strong innovations coming to market over the balance of the year, and cost savings from productivity efforts that will continue to build. We remain focused on driving innovation and productivity. We continue to improve operating discipline and execution every day to create value for consumers and shareowners.”
Beauty segment organic sales increased 1% driven by innovation in Hair Care, Deodorants, Cosmetics and Personal Cleansing, coupled with market growth. This was partially offset by a decrease in Skin Care sales and unfavorable geographic and product mix.
Grooming segment organic sales also increased 1% due to higher pricing and innovation on Blades & Razors and Appliances, which were partially offset by unit volume market contraction in developed regions.
Health Care segment organic sales were in line with the prior year, as an increase in Personal Health Care was offset by a decrease in Pet Care. Segment earnings were down versus the prior year due to the impact of the Natura recalls and Oral Care geographic expansion investments.
Fabric Care and Home Care segment organic sales increased 6% with strong growth in each product category. Baby, Feminine and Family Care segment organic sales increased 6% behind product innovation in North America on Baby Care and Family Care, as well as strong Baby Care market growth in developing regions.

P&G reiterated its fiscal year 2014 guidance. The company continues to expect organic sales growth of 3-4%, it said in the report.
blog comments powered by Disqus
  • Free and Clear

    Free and Clear

    Melissa Meisel, Associate Editor||October 17, 2016
    OY-L aims for zero-chemical skin care.

  • Coming Clean on a Host of Issues

    October 17, 2016
    Cleaning Products Conference is set for Nov. 9-11, 2016 in Washington DC.

  • Let the Magic Begin!

    Let the Magic Begin!

    Tom Branna, Editorial Director||October 10, 2016
    IFSCC Congress gets underway at Walt Disney World this month.

  • Change Is in the Air

    Change Is in the Air

    Doreen Wang, BrandZ ||October 3, 2016
    Technology is changing the personal care market

  • Skin Care of One’s Own

    Skin Care of One’s Own

    Christine Esposito, Associate Editor||October 3, 2016
    Nu Skin’s ageLOC Me—which melds the worlds of smart-phone technology, efficacious ingredients and personalization

  • Proof Positive

    Proof Positive

    Christine Esposito, Associate Editor||October 3, 2016
    Testing service providers enable companies to back up their claims and stay in compliance with regulations.