Breaking News

P&G Q2 Sales Remain Flat at $22.3 Billion

By Melissa Meisel | January 24, 2014

Household and personal care are holding their own.

The Procter & Gamble Company reported second quarter net sales of $22.3 billion for the three months ended Dec. 31, 2013 were unchanged versus the prior year period, according to the company.
 
“P&G’s second quarter results came in as we expected,” said Chairman, President and Chief Executive Officer A.G. Lafley. “We’re on-track to deliver our objectives of 3-4% organic sales growth and 5-7% core EPS growth for the fiscal year. We expect strong earnings growth in the second half of the fiscal year driven by solid top-line growth, moderating headwinds from foreign exchange, and productivity savings that build throughout the year.”
 
For the three months ended Dec. 31, 2013, beauty segment organic sales were unchanged as well at $5.3 billion. Gains from market growth and innovation in prestige, hair care, deodorants and personal cleansing, were offset by geographic and product mix and a decrease in skin care sales. Grooming segment organic sales increased 3% to $2.1 billion as higher pricing and innovation on blades and razors and appliances were partially offset by market contraction in developed regions and geographic and product mix.
 
The health care segment organic sales grew 5% to $2.3 billion due to increases in oral care and personal health care. Fabric care and home care segment organic sales increased 4% to $6.9 billion, with growth in fabric care and home care due to innovation and market expansion in developing regions. The baby, feminine and family care segment organic sales increased 3% to $5.6 billion behind product innovation and baby care market growth in the developing regions.
 
P&G reiterated its fiscal year 2014 guidance. The company continues to expect organic sales growth of 3-4% for the year.
 
In other news, Gain recent rolled out single-use pacs for laundry, added sources at P&G.
 
blog comments powered by Disqus
  • Cosmetic Chemists Head to Orlando Next Month

    Cosmetic Chemists Head to Orlando Next Month

    September 26, 2016
    Organizing Chair Guy Padulo explains why you should attend the IFSCC Congress.

  • Restoring Rembrandt

    Restoring Rembrandt

    Christine Esposito, Associate Editor||September 26, 2016
    Ranir LLC has acquired Rembrandt, an iconic name in teeth whitening, and plans to make it a staple in the value segment.

  • Active Agents

    Active Agents

    September 19, 2016
    On the surface, surfactants may seem staid, but the market, and the supplier activity driving it, is bubbling.

  • Back to School

    Back to School

    Tom Branna, Editorial Director||September 1, 2016
    It may be September, but class was in session this summer during the Private Label Manufacturers Association’s Executive Educ

  • What

    What's In Your Formula?

    Christine Esposito, Associate Editor||September 1, 2016
    A look at the ingredients beauty brands are using to fuel their formulations and capture consumers’ attention.

  • A Sweet-Smelling Sanctuary

    A Sweet-Smelling Sanctuary

    Melissa Meisel, Associate Editor||September 1, 2016
    Home fragrance is enhanced by aromatic developments in delivery and components.