Procter & Gamble yesterday (2 August) posted net sales growth of 25% during its April to June quarter to US$17.84bn, and 20% for the full year to $68.22bn.
Organic sales grew by 8% in the fourth quarter and 7% in the full year. Sales were bolstered by product releases that drove market share gains across most businesses and regions, the consumer goods company said.
Net earnings increased by 36% in the quarter, to $1.9bn, and by 25% for the full year to $8.68bn. EPS increased by 6% during the quarter to 55 cents, and by 4% for the full year to $2.64.
“This marks the fifth consecutive year in which P&G has delivered topline growth at or above the company’s targets,” said chairman of the board, president and chief executive A.G. Lafley. “Demand for P&G’s brands is strong. We’re continuing to drive P&G’s business with breakthrough innovations and excellent in-market execution. This, combined with the great progress on integrating Gillette, positions P&G to deliver its growth objectives in fiscal year 2007 and beyond.”