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P&G Reports October-December 2011 Financials
Posted: January 30, 2012
page 2 of 2
Overall net sales are expected to increase 3–4% in fiscal 2012. Organic sales are expected to increase 4–5%. Foreign exchange is expected to reduce net sales by 1% for the year. Pricing is expected to add 4% to sales while unfavorable product and geographic mix is expected to reduce sales by 1–2%.
P&G also provided additional perspective on the improved results expected in the second half of the fiscal year. The company said it expects net sales growth to be in line with year ago to up 2%. Organic sales growth in the range of 4–5% driven primarily by continued strong growth in developing markets. Foreign exchange is expected to reduce net sales by 3–4%. The company added that it expects sequential improvement in core operating profit in the third and fourth quarters as the benefits from pricing increase and commodity cost comparisons continue to ease. P&G said it expects double-digit growth in core operating profit for the second-half of the fiscal year.
