03.01.18
The Procter & Gamble Company reported second quarter 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 CEO 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 and personal care organic sales grew double digits driven by Olay 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 Braun, noted P&G.
Health care 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 US driven by an early and intense cough/cold season and strong international shipments.
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.
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 CEO 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 and personal care organic sales grew double digits driven by Olay 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 Braun, noted P&G.
Health care 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 US driven by an early and intense cough/cold season and strong international shipments.
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.
P&G said it is maintaining its guidance for organic sales growth in the range of 2-3% for fiscal 2018.