P&G Sales Growth – Nonwovens Industry Magazine

Procter & Gamble’s second-quarter fiscal 2022 net sales were $21 billion, up 6% from a year earlier. Organic sales, which exclude currency effects, acquisitions and divestitures, also increased by 6%. The increase in organic sales was driven by a 3% increase in shipment volumes and a 3 percentage point price increase to help offset significant increases in raw material and other input costs. The mix was neutral on net sales growth.

Organic sales in the Baby, Feminine and Family Care segment increased by 5% compared to a year ago. Baby Care’s organic sales increased mid-single digit on higher pricing, market growth and a positive product mix driven by growth in premium banded and pant-style diapers. Feminine Care organic sales grew double-digit driven by commodity price increases, innovation and a positive geographic and product mix. Family Care organic sales were in line with the prior year as pricing advantages were offset by an unfavorable mix and lower volumes from pandemic-related consumption increases in the reporting period .

“We delivered very strong top line growth and made sequential gains on earnings in the face of significant cost headwinds,” said Jon Moeller, President and Chief Executive Officer. “These results allow us to maintain our earnings outlook and increase estimates for sales growth, cash productivity and cash return to shareholders. We remain focused on strategies of superiority, productivity, constructive disruption and continuous improvement of P&G’s organizational structure and culture. These strategies have allowed us to create and maintain strong momentum. They remain the right strategies to ensure balanced growth and create value.

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