P&G announced earnings per share for the October - December quarter of $0.72. Earnings growth was driven by strong sales growth on P&G and Gillette businesses. P&G’s organic sales increased 8% behind broad-based increases across all business units and geographies. Organic sales exclude the impact of acquisitions, divestitures, and foreign exchange. Reported net sales, which include the addition of the Gillette business, increased 27%.
“Growth momentum on P&G and Gillette continues to be strong,” said A.G. Lafley, president and chief executive, P&G. “Excellent topline growth enabled us to exceed earnings expectations in what we anticipate to be the most difficult cost quarter of the fiscal year. This quarter’s results, a robust innovation pipeline, and good progress on the Gillette integration, give us the confidence to raise the earnings outlook for the fiscal year.”
