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Procter & Gamble Reports Better Revenue Numbers For FY 2014

December 26, 2014: 12:00 AM EST
Procter & Gamble's total net sales grew 1 percent to $83 billion for the fiscal year ending June 30, 2014, compared with the previous year's $82.6 billion. For the first quarter of fiscal year 2015, which ended September 30, 2014, P&G said net sales reached $20.8 billion. Net profit fell 34 percent to $2 billion from $3 billion of the same quarter in the previous year. P&G's $2.8 billion restructuring program saw the company reducing its global workforce from 132,000 employees in 2009 to 118,000 workers in 2014. Scheduled to start operating in February 2015, the company's new distribution center in Dayton, Ohio, will create 1,300 jobs.
Barrett J. Brunsman, "P&G's 2014 by the numbers", Cincinnati.com, December 26, 2014, © American City Business Journals
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