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P&G Unleashes 3Q Results

October 29, 2009

P&G's net sales reach $19.8 billion for third quarter.

Procter & Gamble reported net sales of $19.8 billion for the July-September quarter, a decrease of 6% that was primarily due to unfavorable foreign exchange impacts as the U.S. dollar remained above prior year levels.Organic sales, which exclude the impacts of acquisitions, divestitures and foreign exchange rose 2%.

In the Baby Care and Family sector, net sales declined 5% in the first fiscal quarter to $3.6 billion. Organic sales grew 1% as the impact of price increases more than offset a 1% volume decline. Price increases, primarily taken in developing regions to offset local currency devaluations, added 2% to net sales. Unfavorable foreign exchange reduced net sales by 6%. Baby Care volume increased low single digits behind new initiative launches in Western Europe including the expansion of Pampers Simply Dry and market growth in Asia and Western Europe.