01.23.18
The Procter & Gamble Company reported second quarter fiscal year 2018 net sales rose 3% to $17.4 billion.
“We accelerated organic sales growth and delivered strong productivity cost savings and cash flow," said Chairman, President and Chief Executive Officer David Taylor. “We remain on track to achieve our fiscal year objectives.”
Beauty segment organic sales increased 9% to $3.2 billion, according to the report. Skin & Personal Care organic sales grew double digits driven by Olay brand innovation and continued strong growth of the super-premium SK-II brand. Hair Care organic sales increased low single digits driven by growth of all major brands - Pantene, Head & Shoulders, Herbal Essences and Rejoice.
Grooming segment organic sales decreased 3% to $1.8 billion. Appliances organic sales increased double digits driven by innovation on the Braun brand.
Health Care segment increased organic sales 4% to $2.2 billion. Oral Care organic sales increased low single digits driven by premium Oral-B power toothbrush innovation. Personal Health Care organic sales increased high single digits with increased consumption in the U.S. driven by an early and intense Cough/Cold season and strong international shipments from the PGT joint venture.
Fabric and Home Care segment organic sales increased 3% to $5.4 billion. Fabric Care organic sales increased low single digits driven by unit dose detergent and scent bead innovations and marketing and merchandising investments. Organic sales in Home Care also increased low single digits driven by marketing and merchandising investments.
Baby, Feminine and Family Care segment organic sales decreased 1% to $4.6 billion. Baby Care organic sales declined mid-single digits due to competitive activity and trade inventory reductions. Feminine Care organic sales grew mid-single digits driven by innovation on the Always brand and positive mix from premium tier growth. Family Care organic sales grew low single digits driven by recent Charmin innovation and strong consumption of Puffs.
P&G said it is maintaining its guidance for organic sales growth in the range of 2-3% for fiscal 2018.
“We accelerated organic sales growth and delivered strong productivity cost savings and cash flow," said Chairman, President and Chief Executive Officer David Taylor. “We remain on track to achieve our fiscal year objectives.”
Beauty segment organic sales increased 9% to $3.2 billion, according to the report. Skin & Personal Care organic sales grew double digits driven by Olay brand innovation and continued strong growth of the super-premium SK-II brand. Hair Care organic sales increased low single digits driven by growth of all major brands - Pantene, Head & Shoulders, Herbal Essences and Rejoice.
Grooming segment organic sales decreased 3% to $1.8 billion. Appliances organic sales increased double digits driven by innovation on the Braun brand.
Health Care segment increased organic sales 4% to $2.2 billion. Oral Care organic sales increased low single digits driven by premium Oral-B power toothbrush innovation. Personal Health Care organic sales increased high single digits with increased consumption in the U.S. driven by an early and intense Cough/Cold season and strong international shipments from the PGT joint venture.
Fabric and Home Care segment organic sales increased 3% to $5.4 billion. Fabric Care organic sales increased low single digits driven by unit dose detergent and scent bead innovations and marketing and merchandising investments. Organic sales in Home Care also increased low single digits driven by marketing and merchandising investments.
Baby, Feminine and Family Care segment organic sales decreased 1% to $4.6 billion. Baby Care organic sales declined mid-single digits due to competitive activity and trade inventory reductions. Feminine Care organic sales grew mid-single digits driven by innovation on the Always brand and positive mix from premium tier growth. Family Care organic sales grew low single digits driven by recent Charmin innovation and strong consumption of Puffs.
P&G said it is maintaining its guidance for organic sales growth in the range of 2-3% for fiscal 2018.