04.21.23
Procter & Gamble’s (P&G) net sales in the third quarter of fiscal year 2023 were $20.1 billion, a 4% increase versus the prior year. Unfavorable foreign exchange had a 4% impact on net sales. Organic sales, which exclude the impacts of foreign exchange and acquisitions and divestitures, increased 7%. The organic sales increase was driven by a 10% increase from higher pricing and a 1% increase from favorable product mix, partially offset by a 3% decrease in shipment volumes.
Baby, Feminine and Family Care segment organic sales increased 6% versus year ago. Baby Care organic sales increased mid-single digits due to increased pricing, partially offset by volume declines mainly in Europe. Feminine Care organic sales increased low teens driven by increased pricing and favorable geographic and product mix, partially offset by volume declines in enterprise markets. Organic sales grew in all regions. Family Care organic sales increased low single digits due to increased pricing, partially offset by larger pack size mix and modestly lower shipment volumes.
Baby, Feminine and Family Care segment organic sales increased 6% versus year ago. Baby Care organic sales increased mid-single digits due to increased pricing, partially offset by volume declines mainly in Europe. Feminine Care organic sales increased low teens driven by increased pricing and favorable geographic and product mix, partially offset by volume declines in enterprise markets. Organic sales grew in all regions. Family Care organic sales increased low single digits due to increased pricing, partially offset by larger pack size mix and modestly lower shipment volumes.