07.30.15
The Procter & Gamble Company reported fiscal year 2015 currency neutral core earnings per share growth of 11% versus the prior year. Core earnings per share were $4.02, a decrease of 2%. Diluted net earnings per share were $2.44, including a one-time charge of $2.1 billion, or $0.71 per share, for a change in the method of accounting for its Venezuelan operations from consolidation to the cost method. Organic sales grew 1% as a 2% pricing benefit more than offset a 1% reduction in shipment volume. Net sales were $76.3 billion, a decrease of 5%
versus the prior year, including a negative six percentage point impact from foreign exchange.
For the April - June 2015 quarter, core earnings per share were $1.00, an increase of 8% versus the prior year period. Excluding the impact of foreign exchange, currency-neutral core earnings per share increased 22%. Diluted net earnings per share were $0.18 including the one-time Venezuela charge of $0.71 per share and non-core restructuring costs of $0.07 per share. Organic sales were unchanged for the quarter as a three percentage point benefit from pricing and mix was offset by lower shipment volume. Net sales were $17.8 billion, a decrease of 9% versus the prior year period driven by a negative nine percentage point impact from foreign exchange.
In fiscal year 2015, Baby, Feminine and Family Care segment organic sales increased 3% driven by pricing, mainly in Baby Care and Feminine Care, positive product mix from Baby Care premium products and the Feminine Care adult incontinence launch, and favorable geographic mix in all businesses. These gains were slightly offset by a modest decline in Family Care from reduced distribution in Latin America and reduced pricing in North America.
versus the prior year, including a negative six percentage point impact from foreign exchange.
For the April - June 2015 quarter, core earnings per share were $1.00, an increase of 8% versus the prior year period. Excluding the impact of foreign exchange, currency-neutral core earnings per share increased 22%. Diluted net earnings per share were $0.18 including the one-time Venezuela charge of $0.71 per share and non-core restructuring costs of $0.07 per share. Organic sales were unchanged for the quarter as a three percentage point benefit from pricing and mix was offset by lower shipment volume. Net sales were $17.8 billion, a decrease of 9% versus the prior year period driven by a negative nine percentage point impact from foreign exchange.
In fiscal year 2015, Baby, Feminine and Family Care segment organic sales increased 3% driven by pricing, mainly in Baby Care and Feminine Care, positive product mix from Baby Care premium products and the Feminine Care adult incontinence launch, and favorable geographic mix in all businesses. These gains were slightly offset by a modest decline in Family Care from reduced distribution in Latin America and reduced pricing in North America.