P&G’s Sales Increase

Time: 2023/10/19 16:29:59    View: 247

Baby, Feminine and Family Care segment organic sales rose 7%

Procter & Gamble’s net sales in the first quarter of fiscal year 2024 were $21.9 billion, a 6% increase versus the prior year. Unfavorable foreign exchange had a 1% impact on net sales. Organic sales, which exclude the impacts of foreign exchange and acquisitions and divestitures, increased 7%. The organic sales increase was driven by a 7% increase from higher pricing and 1% increase due to favorable product mix, partially offset by a 1% decrease in shipment volumes.

Baby, Feminine and Family Care segment organic sales increased 7% versus year ago. Baby Care organic sales increased mid-single digits due to increased pricing and favorable product mix, partially offset by pricing-related volume declines. Organic sales grew in all regions. Feminine Care organic sales increased high single digits driven by increased pricing and favorable geographic and product mix, partially offset by pricing-related volume declines. All regions grew organic sales. Family Care organic sales increased mid-single digits due to increased pricing, partially offset by unfavorable pack size mix.

“We delivered very strong results in the first quarter of fiscal year 2024, putting us on track to deliver towards the higher end of our fiscal year guidance ranges for organic sales and core EPS growth,” says Jon Moeller, chairman of the board, president and chief executive officer. “We remain committed to our integrated strategy of a focused product portfolio of daily use categories where performance drives brand choice, superiority — across product performance, packaging, brand communication, retail execution and consumer and customer value — productivity, constructive disruption and an agile and accountable organization. The P&G team’s execution of this strategy has enabled us to build and sustain strong momentum. We have confidence this remains the right strategy to deliver balanced growth and value creation.”

---Source: www.nonwovens-industry.com---