P&G Appliance Volume Down, But Grooming Unit Sales Up 10%
The Procter & Gamble Company, delivered strong first quarter net sales growth of 9% to $21.9 billion. Organic sales, excluding the impact of acquisitions, divestitures, and foreign exchange, grew 4% behind higher volume and pricing. P&G said all six business segments were up versus the prior year.
"The first quarter was a good start to the fiscal year," said Chairman, President and CEO Bob McDonald. "We maintained strong top-line growth momentum in a difficult operating environment. We are well positioned - due to continued top-line strength, recently implemented price increases and our productivity improvement and cost savings efforts