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P&G CEO Outlines Key Long-term Growth Strategies

Posted: October 14, 2009

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"As P&G shareholders, we've all benefited substantially from A.G.'s leadership. When he took over the helm, P&G's market capitalization was about $74 billion, 35th highest among the Fortune 500. P&G stock has appreciated approximately 100% since then, and today, the company's market capitalization is about $170 billion, making P&G one of the most valuable companies in the world."

P&G's net sales for the fiscal year ended June 30, 2009, were $79 billion, with organic sales up 2%. Core earnings per share increased 8% to $3.67 while P&G continued to deliver strong free cash flow at more than 100% of earnings excluding the gain on the Folgers sale.

On average, P&G sales have nearly doubled for each of the past three decades—from $10 billion in 1980 to approximately $80 billion today with earnings increasing from $643 million to $12 billion during the same period. The company's dividends have also increased every year—more than 9% a year on average, throughout the past 53 years, and have been paid without interruption since the company was incorporated 119 years ago.

P&G will issue its results for the first fiscal quarter ended Sept. 30, 2009, on Oct. 29, 2009.