Happi Staff01.20.21
In a world turned upside down by the pandemic, Procter & Gamble just may have the best of all worlds. The surge in interest in cleaning has lifted detergent and hard surface cleaner sales, and stay-at-home consumers are very much into their skin, which is great for Olay—in the US anyway. Sales rose in North America, but struggled in Asia, Africa and the Middle East.
"We delivered another strong quarter of resullts across all key measures—top line, bottom line and cash," said David Taylor, chairman, president and chief executive officer. "We remain focused on executing our strategies of superiority, productivity, constructive disruption and improving P&G's organization and culture. These strategies enabled us to build strong business momentum before the COVID crisis, accelerated our progress in calendar year 2020 and remain the right strategies to deliver balanaced growth and value creation over the long term."
But no matter where in the world they reside, consumers are shifting to e-commerce forever, said CFO Jon Moeller. P&G's online sales rose nearly 50% in the first half of its fiscal year.
P&G's Q2 sales rose 8% to $19.7 billion. By category, beauty sales rose 6%, grooming increased 5%, health care rose 9%, fabric & home care jumped 12%, and baby, feminine and family care increased 6%.
"We delivered another strong quarter of resullts across all key measures—top line, bottom line and cash," said David Taylor, chairman, president and chief executive officer. "We remain focused on executing our strategies of superiority, productivity, constructive disruption and improving P&G's organization and culture. These strategies enabled us to build strong business momentum before the COVID crisis, accelerated our progress in calendar year 2020 and remain the right strategies to deliver balanaced growth and value creation over the long term."