Procter & Gamble (P&G), parent company of Procter & Gamble Professional (P&G PRO), has reported fiscal-second-quarter net sales of US$21 billion, an increase of 6 per cent from a year earlier.
The company reported an operating income of $5.2 billion, a dip of 4 per cent from $5.38 billion a year earlier. Net sales for P&G’s health care divisions increased 8 per cent, while sales in its beauty segment rose 3 per cent.
The company’s fabric and home care division reported an 7 per cent bump in net sales and its grooming segment raised sales 4 per cent.
“We delivered very strong top-line growth and made sequential progress on earnings in the face of significant cost headwinds,” said Jon Moeller, President and CEO.
“These results keep us on track to deliver our earnings outlook and to raise estimates for sales growth, cash productivity and cash return to shareowners. Our focus remains on the strategies of superiority, productivity, constructive disruption and continually improving P&G’s organisation structure and culture.
“These strategies have enabled us to build and sustain strong momentum. They remain the right strategies to deliver balanced growth and value creation.”
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