P&G sales grow 2% for Q2
Increase in volume and market share boost sales
Procter & Gamble has announced net sales of $21.3bn for Q2, a growth of 2%. Diluted net earnings from continuing operations jumped 10% to $1.11 per share.
The company’s market and volume share both grew across all geographic regions; volume was up 6%, while market share was up in all geographic areas and the majority of key countries and brands. Within its beauty business, net sales only grew 1% to $5.3bn, with a volume growth of 5%.
“We are expanding market shares by touching and improving the lives of more consumers in more parts of the world, more completely through our innovation and expansion plans,” said chairman of the board, president and ceo, Bob McDonald. “This is driving strong volume and sales growth ahead of market levels. We are on track to deliver seven to nine percent growth for the year.”