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.
 
  • It’s Magic!

    It’s Magic!

    Melissa Meisel, Associate Editor||March 20, 2017
    Argan oil-infused ‘Moroccan’ lip care brand jumps from WholeFoods into CVS.

  • On the Cutler Edge

    On the Cutler Edge

    Melissa Meisel, Associate Editor||March 13, 2017
    Top brand source at Redken forecasts up-to-the-minute hair trends.

  • Take The Hint

    Take The Hint

    Christine Esposito, Associate Editor||March 13, 2017
    Water brand forays into sun protection by capitalizing on scent and experience.

  • Supply-Side Innovations

    Supply-Side Innovations

    Tom Branna, Editorial Director||March 1, 2017
    Raw material suppliers roll up their sleeves and roll out their new products for the global cleaning industry.

  • New Faces in Familiar Places

    New Faces in Familiar Places

    Tom Branna, Editorial Director||March 1, 2017
    The American Cleaning Institute officially welcomed its new president.

  • Special Delivery

    Special Delivery

    Tom Branna, Editorial Director||March 1, 2017
    UV protection is important, but what good is that sunscreen if consumers won’t apply it?