Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue October 2014
 •  L'Oreal USA To Buy Carol's Daughter  •  Register Now for 2015 ACI Convention  •  Palmer’s Skin Success Adds Retinol  •  Sisley To Open NYC Boutique  •  Facial Hair Face-Off
Print

Q1 Sees Gains for P&G



Published June 6, 2013
Related Searches: form officer president share
Post a comment
• For the January-March quarter, net sales at the Procter & Gamble Company (P&G) rose 2% to $20.6 billion. In the US market, P&G held or grew value share in businesses representing two-thirds of sales.

“We delivered another quarter of steady progress,” said Bob McDonald, former chairman, president and chief executive officer who recently retired (for more on this personnel change, see p. 124). “Top-line growth was in line with our expectations. Market shares improved broadly.”

McDonald said strong cost savings enabled P&G to exceed its bottom line expectations, and the company expects to repurchase $6 billion in stock, which is at the high end of its estimated range. P&G is maintaining its organic sales growth guidance of 3-4% for the fiscal year, which ends June 30, 2013. 


blog comments powered by Disqus