@OlayUS/ via Facebook.com
Procter & Gamble (P&G) rang in fiscal year 2019 with $16.7 billion in net sales.
This figure is in-line with the previous year, per the company. Among the highlights for the quarter, which ended Sept. 30, 2018:
Beauty
- Beauty sales increased 7% over the previous year
- Skin and personal care sales increased double digits, with the growth attributed to premium innovation, increased marketing investments and positive product mix
- SK-II and Olay Skin Care each grew double-digits
- Personal care products such as Safeguard, Old Spice, Olay and Secret saw mid-single-digit growth
- Hair care sales increased in the low single digits, due to increased pricing, innovation and improved retail executions
Grooming
- Grooming sales increased 4%
- Oral care sales increased in the low single digits, while personal health care sales increased double-digits
- All-in sales declined due to the dissolution of the PGT Healthcare partnership
“We generated strong consumption, organic volume and organic sales in the first quarter. This keeps us on track to deliver our top- and bottom-line targets for the fiscal year,” said chairman, president and CEO David Taylor. “Our focus on superiority, productivity and improving P&G’s organization and culture is driving improved results.”
Related: How P&G Made 'Important Progress' During Fiscal Year 2018
