P&G posts 3Q results.
In the baby care and family care sector, net sales increased 2% in the first fiscal quarter to $3.7 billion on volume growth of 10%. Organic sales grew 5%. Pricing lowered net sales by 2%. Mix reduced net sales by 3% driven mainly by disproportionate growth of mid-tier product lines, larger package sizes and developing regions, all of which have lower-than-segment-average selling prices. Unfavorable foreign exchange reduced net sales by 3%. Volume increased double digits in developing regions and high single digits in developed regions. Baby care volume was up high single digits behind the geographic expansion of Pampers Dry Max and market size growth and distribution expansion in developing regions.
|Printer friendly Cite/link Email Feedback|
|Date:||Dec 1, 2010|
|Previous Article:||3M reports sales, earnings.|
|Next Article:||Ahlstrom announces sales, earnings.|