sales boost pg earnings
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Strong health product

Sales boost P&G earnings

Arab Today, arab today

Arab Today, arab today Sales boost P&G earnings

P&G's strongest division was health
New York - Arab Today

Consumer-products giant Procter & Gamble reported better-than-expected quarterly earnings Friday and lifted its 2017 sales forecast, due in part to strong demand for health products.

The maker of long list of products including Tide detergent and Gilette shaving products, said the strong results were due in part to cost-cutting initiatives that helped offset the drag from a strong dollar and a cut-throat pricing pressure from competitors. 

The company has struggled in recent years to grow sales against these headwinds.

P&G's strongest division was health, a business that has been boosted by premium products, such as the Oral-B electric toothbrushes, as well as other dental products. 

Sales for health were up five percent, and the gain was seven percent when foreign exchange and acquisitions and divestitures were excluded.

"We delivered good results in the second quarter in a difficult operating environment," chief executive David Taylor said.

Net earnings for the fiscal second quarter were $7.9 billion, up from $3.3 billion in the same period of the prior fiscal year, due to a large one-time gain from the sale of its beauty products to Coty.

Revenues were flat at $16.9 billion.

P&G boosted its forecasts for 2017 organic sales growth to two to three percent, up from the prior two percent estimate. Organic sales rose in all five of P&G's businesses.

The company cited higher commodity costs and further political and economic volatility as potential risks.

Shares of P&G jumped 3.6 percent $87.77 in mid-morning trading.

Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

sales boost pg earnings sales boost pg earnings

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

sales boost pg earnings sales boost pg earnings

 



GMT 07:55 2017 Tuesday ,28 March

Wafaa Amer wears Hijab in 'The Flood'

GMT 03:34 2017 Thursday ,16 February

Maastricht aims to rekindle European dream, 25 years on

GMT 05:12 2017 Saturday ,01 July

‘Star Wars’ droid R2-D2 auctioned for $2.8m

GMT 01:34 2016 Friday ,28 October

PAP president arrives in Cairo

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 23:08 2018 Monday ,22 January

BOC announces 2018 programme

GMT 09:46 2015 Thursday ,30 July

Tom Cruise attend 'Mission: Impossible' premiere

GMT 01:18 2017 Wednesday ,22 February

Three astronauts touch down after 6 months in space

GMT 11:04 2017 Wednesday ,22 February

Top US envoys to meet Mexico president to calm tension

GMT 11:33 2017 Saturday ,11 November

PM lauds sacrifices of Pakistan Army against terrorism

GMT 14:56 2017 Thursday ,17 August

Alibaba profit nearly doubles on robust revenues

GMT 15:06 2017 Monday ,13 March

Europe-Turkey rift widens
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday