07.02.23
Cincinnati, OH
www.pg.com
Sales: $60.1 billion
Key Personnel: Jon R. Moeller, chairman, president and CEO; Shailesh G. Jejurikar, chief operating officer; Gary Coombe, CEO, grooming; Jennifer Davis, CEO, health care; Ma. Fatima D. Francisco, CEO, baby, feminine care and executive sponsor, gender equality; R. Alexandra Keith, CEO, beauty and executive sponsor, corporate sustainability; Sundar G. Raman, CEO, fabric & home care
Major Products: Fabric Care—Tide, Ariel, Bounce, Cheer, Downy, Dreft, Era, Gain, Ace, Rindex. Grooming—Gillette, Venus, Art of Shaving. Hair Care—Head & Shoulders, Aussie, Herbal Essences, Pantene. Home Care—Cascade, Dawn, Febreze, Gain, Joy, Mr. Clean, Swiffer, Salvo, Ambi Pur, Comet, Microban 24, Swiffer, Zevo. Oral Care—Crest, Fixodent, Oral-B, Scope. Skin & Personal Care—Gillette, Ivory, Olay, Old Spice, Safeguard, Secret, Native, Snowberry, SK-II, First Aid Beauty
New Products: Hair Care—Pantene Miracle Rescue hair repair line; Head & Shoulders Bare Limited Ingredient Anti-Dandruff Shampoo; Fabric Care—Hygienic Clean Heavy Duty 10X laundry detergent; Home Care—Dawn Powerwash Sprays (lemon and lavender scents), Swiffer Powermop; Professional—Dawn Professional Heavy Duty Manual Pot and Pan Detergent
Comments: Sales in Happi’s areas of interest rose nearly 7%. Corporate sales rose 5% to $80.2 billion on a 2% increase in unit volume. By region, volume increased mid-single digits in North America and Latin America, increased low single digits in Asia Pacific and IMEA. Volume in Europe was unchanged and decreased mid-single digits in Greater China.
By category, fabric & home care accounted for 35% of sales; followed by baby, feminine & family care (25%), beauty (18%), health care (14%) and grooming (8%). Net earnings increase 3% to $14.8 billion. P&G said sales growth was driven by a high single digit increase in health care, mid-single digit increases in fabric & home care, and baby, feminine & family care and low single digit increases in beauty and grooming.
CEO Jon Moeller credits the gains, in part, to P&G’s focus on market-leading, premium products. Speaking at Cornell University, his alma mater, Moeller said the strategy evolved after he became CFO. P&G moved away from “flavors, fragrances and fashion,” to high-performance, daily-use products. The result is that P&G exited six product categories and reduced the number of brands from 170 to 65.
Hair care net sales increased low single digits on increased pricing and mix, offset a bit by a decline in volume. Volume declined mid-single digits in Greater China due to pandemic-related lockdowns. Volume fell in India, Middle East and Africa, and Europe and Asi-Pacific. Boosted by the acquisition of Ouai, volume increased low single digits in North America. Overall, P&G’s global market share of the hair care category decreased less than a point.
Skin and personal care net sales increased low single digits. Positive impacts of a low single digit increase in volume and increased pricing were partially offset by negative category mix due to the decline of SK-II brand (which has higher than category-average selling prices). Organic sales increased low single digits. Volume increased mid-teens in Latin America (due to innovation) and increased mid-single digits in North America (due to innovation in personal care and acquisitions) and in Greater China (due to innovation and market growth). Global market share of the skin and personal care category increased half a point.
Grooming sales increased 2% to nearly $6.6 billion. Unit volume was unchanged. P&G’s share of the global grooming category rose 1.2 points. Shave care sales increased mid-single digits, but appliance sales dropped mid-single digits.
Health Care sales increased 9% to $10.8 billion. Oral care sales increased low-single digits. Oral care sales benefitted from gains in North America and a consumer preference for premium-priced products. Sales in Asia-Pacific jumped double-digits. However, sales in Greater China and Europe fell.
Fabric & Home Care sales increased 6% to $27.6 billion on a 3% increase in unit volume. P&G’s global market share of the fabric & home care segment increased 1.5 points. Fabric care sales increased high single digits. P&G credited the gain, in part, to demand for higher-priced fabric enhancers. Home care sales were flat. P&G’s global market share of the home care category increased more than a point, according to the company.
In fiscal Q3, sales rose 4% to $20.1 billion.
Just in time for Spring cleaning activities, P&G revamped two Febreze products, Febreze Fabric Refresher and Febreze Air. The former has an upgraded formula that officials say is proven to deliver odor-fighting power with longer-lasting freshness, even hours after spraying. It is currently available in Gain Original, Gain Island Fresh, Extra Strength and Downy April Fresh.
Febreze Air has an upgraded sprayer that creates a wider and finer spray pattern, enabling each spritz to stay in the air longer while increasing the fragrance’s longevity. There has been an upgrade to the product’s name, too; it is now Febreze Air Mist.
In May, P&G expanded its Swiffer franchise with the launch of Powermop. The home cleaning device features a 3D Mop Pad includes 300+ powerful scrubbing strips made up of six layers of 2-sided strips to provide 5x the cleaning power vs. the WetJet pad. Moreover, the mop head is 30% larger with 360° swivel for easy maneuverability.
www.pg.com
Sales: $60.1 billion
Key Personnel: Jon R. Moeller, chairman, president and CEO; Shailesh G. Jejurikar, chief operating officer; Gary Coombe, CEO, grooming; Jennifer Davis, CEO, health care; Ma. Fatima D. Francisco, CEO, baby, feminine care and executive sponsor, gender equality; R. Alexandra Keith, CEO, beauty and executive sponsor, corporate sustainability; Sundar G. Raman, CEO, fabric & home care
Major Products: Fabric Care—Tide, Ariel, Bounce, Cheer, Downy, Dreft, Era, Gain, Ace, Rindex. Grooming—Gillette, Venus, Art of Shaving. Hair Care—Head & Shoulders, Aussie, Herbal Essences, Pantene. Home Care—Cascade, Dawn, Febreze, Gain, Joy, Mr. Clean, Swiffer, Salvo, Ambi Pur, Comet, Microban 24, Swiffer, Zevo. Oral Care—Crest, Fixodent, Oral-B, Scope. Skin & Personal Care—Gillette, Ivory, Olay, Old Spice, Safeguard, Secret, Native, Snowberry, SK-II, First Aid Beauty
New Products: Hair Care—Pantene Miracle Rescue hair repair line; Head & Shoulders Bare Limited Ingredient Anti-Dandruff Shampoo; Fabric Care—Hygienic Clean Heavy Duty 10X laundry detergent; Home Care—Dawn Powerwash Sprays (lemon and lavender scents), Swiffer Powermop; Professional—Dawn Professional Heavy Duty Manual Pot and Pan Detergent
Comments: Sales in Happi’s areas of interest rose nearly 7%. Corporate sales rose 5% to $80.2 billion on a 2% increase in unit volume. By region, volume increased mid-single digits in North America and Latin America, increased low single digits in Asia Pacific and IMEA. Volume in Europe was unchanged and decreased mid-single digits in Greater China.
By category, fabric & home care accounted for 35% of sales; followed by baby, feminine & family care (25%), beauty (18%), health care (14%) and grooming (8%). Net earnings increase 3% to $14.8 billion. P&G said sales growth was driven by a high single digit increase in health care, mid-single digit increases in fabric & home care, and baby, feminine & family care and low single digit increases in beauty and grooming.
CEO Jon Moeller credits the gains, in part, to P&G’s focus on market-leading, premium products. Speaking at Cornell University, his alma mater, Moeller said the strategy evolved after he became CFO. P&G moved away from “flavors, fragrances and fashion,” to high-performance, daily-use products. The result is that P&G exited six product categories and reduced the number of brands from 170 to 65.
It’s a Beauty!
In fiscal 2022, beauty net sales increased 2% to $14.7 billion. Unit volume was unchanged. Higher pricing increased net sales by 3%. Foreign exchange had no impact on net sales. Unfavorable mix decreased net sales by 1% due to the disproportionate decline of SK-II sales. P&G said its global market share of the beauty segment increased 0.1 points. Despite the increase, P&G remains No. 4 in the global beauty space, behind L’Oréal, Unilever and Estée Lauder.Hair care net sales increased low single digits on increased pricing and mix, offset a bit by a decline in volume. Volume declined mid-single digits in Greater China due to pandemic-related lockdowns. Volume fell in India, Middle East and Africa, and Europe and Asi-Pacific. Boosted by the acquisition of Ouai, volume increased low single digits in North America. Overall, P&G’s global market share of the hair care category decreased less than a point.
Skin and personal care net sales increased low single digits. Positive impacts of a low single digit increase in volume and increased pricing were partially offset by negative category mix due to the decline of SK-II brand (which has higher than category-average selling prices). Organic sales increased low single digits. Volume increased mid-teens in Latin America (due to innovation) and increased mid-single digits in North America (due to innovation in personal care and acquisitions) and in Greater China (due to innovation and market growth). Global market share of the skin and personal care category increased half a point.
Grooming sales increased 2% to nearly $6.6 billion. Unit volume was unchanged. P&G’s share of the global grooming category rose 1.2 points. Shave care sales increased mid-single digits, but appliance sales dropped mid-single digits.
Health Care sales increased 9% to $10.8 billion. Oral care sales increased low-single digits. Oral care sales benefitted from gains in North America and a consumer preference for premium-priced products. Sales in Asia-Pacific jumped double-digits. However, sales in Greater China and Europe fell.
Fabric & Home Care sales increased 6% to $27.6 billion on a 3% increase in unit volume. P&G’s global market share of the fabric & home care segment increased 1.5 points. Fabric care sales increased high single digits. P&G credited the gain, in part, to demand for higher-priced fabric enhancers. Home care sales were flat. P&G’s global market share of the home care category increased more than a point, according to the company.
In fiscal Q3, sales rose 4% to $20.1 billion.
Just in time for Spring cleaning activities, P&G revamped two Febreze products, Febreze Fabric Refresher and Febreze Air. The former has an upgraded formula that officials say is proven to deliver odor-fighting power with longer-lasting freshness, even hours after spraying. It is currently available in Gain Original, Gain Island Fresh, Extra Strength and Downy April Fresh.
Febreze Air has an upgraded sprayer that creates a wider and finer spray pattern, enabling each spritz to stay in the air longer while increasing the fragrance’s longevity. There has been an upgrade to the product’s name, too; it is now Febreze Air Mist.
In May, P&G expanded its Swiffer franchise with the launch of Powermop. The home cleaning device features a 3D Mop Pad includes 300+ powerful scrubbing strips made up of six layers of 2-sided strips to provide 5x the cleaning power vs. the WetJet pad. Moreover, the mop head is 30% larger with 360° swivel for easy maneuverability.