The Procter & Gamble Company reported fourth quarter fiscal year 2018 net sales rose 3% to $16.5 billion. For fiscal year 2018, net sales also increased 3%, to $66.8 billion
During the quarter, beauty segment organic sales increased 7% versus a year ago, noted P&G. Skin and personal care organic sales increased double digits, driven by product and packaging innovation, increased investments to strengthen consumer communication and positive product mix from the disproportionate growth of the super-premium SK-II brand and Olay skin care. Hair care organic sales increased mid-single digits due to product innovation and improved retail execution, noted P&G.

Grooming segment organic sales fell 3%. Shave care organic sales decreased low single digits due to investments to improve consumer and customer value, primarily in the North America region. Appliances organic sales decreased low single digits due to trade inventory reductions.

Health care segment organic sales increased 1% for the quarter. Oral care organic sales increased low single digits due to product innovation, partially offset by the reversal of a US toothpaste list price increase taken last year. Personal health care organic sales increased low single digits driven by higher shipments and increased pricing, noted P&G.

Fabric and home care segment organic sales increased 2% for the quarter. Fabric care organic sales increased low single digits driven by product innovation and improved retail execution, partially offset by increased investments in consumer and customer value. Home care organic sales were unchanged, said P&G. Baby, feminine and family care segment organic sales decreased 2% versus prior year.

The CPG giant said it is projecting organic sales growth in the range of 2-3% for fiscal year 2019.