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P&G Reports $20B in 3rd Quarter Sales

Procter & Gamble (P&G), parent company of Procter & Gamble Professional (P&G PRO), has reported fiscal third-quarter net sales of US$20.1 billion, an increase of 1% from a year earlier.

The company reported an operating income of $4.46 billion, a 5% rise from $4.24 billion a year ago. Net sales for P&G’s health care division rose 2%, while sales in its grooming segment improved 3% from last year. The company’s fabric and home care division raised sales 2%, while its baby, feminine, and family care segment saw a 2% dip in sales.

“We delivered solid sales and strong earnings growth in the third quarter despite multiple headwinds, enabling us to raise our EPS growth guidance and maintain our top-line outlook for the fiscal year,” said Jon Moeller, P&G president and CEO. “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. We are increasing investments in superiority to drive market growth and sustain strong momentum. We have confidence this remains the right strategy to deliver balanced growth and value creation.”

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 pgpro.com.