P&G Reports $20B in 2nd Quarter SalesJanuary 19, 2023
The company reported an operating income of $4.78 billion, a dip of 7% from $5.16 billion a year ago. Net sales for P&G’s health care division rose 2%, while sales in its beauty segment declined 3% from last year. The company’s fabric and home care division raised sales 1%, while its baby, feminine, and family care segment saw sales decrease 1%.
“We delivered solid results in the second quarter of fiscal year 2023 in what continues to be a very difficult cost and operating environment,” said Jon Moeller, P&G president and CEO. “Progress against our plan fiscal year to date enables us to raise our sales growth outlook for fiscal 2023 and maintain our guidance range for earnings per share growth despite significant headwinds.”
About Procter & Gamble Professional
Procter & Gamble Professional is the away-from-home division of Procter & Gamble, serving the food service, building cleaning and maintenance, hospitality, and convenience store industries. For more information, visit www.pgpro.com.