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May 272014 Gossip

Procter and Gamble
Chairman, President, and Chief Executive Officer A.G. Lafley

According to PROCTERr&GAMBLE, the company delivered organic sales and volume growth of three percent for the third quarter fiscal year 2014, which ended 31 March, 2014. Net sales were $20.6 billion, unchanged versus the prior year period. Organic sales were at or above year ago levels in each reporting segment: Beauty segment organic sales increased two percent from innovation in Hair Care, Deodorants, and Personal Cleansing, and market growth. This was partially offset by a sales decrease in Salon Professional and Skin Care primarily in Asia.

Grooming segment organic sales increased one percent due to higher pricing and innovation on Blades & Razors and Appliances, which was partially offset by geographic and product mix and market contraction in developed regions. The company predicted an organic sales growth of three percent to four percent for the fiscal year 2014.

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