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Procter & Gamble Reports Better-Than-Expected Sales Growth For Fiscal Year 2013

August 1, 2013: 12:00 AM EST
Procter & Gamble Co. reported net sales increased 1.0 percent to $84.2 billion in fiscal year 2013, with foreign exchange having a -2 points impact. Organic sales increased 3 percent for the fiscal year, the company said. Unit volume growth contributed 2 percent to sales growth, according to the company, with pricing adding another 1 percent. Dilute net earnings per share from continuing operations reached $3.86, which is 24 percent higher than the previous year period. Without the non-core items, core earnings per share was at $4.05, which is 5 percent higher than the same period of the previous year. Procter & Gamble’s reported and core gross margin also increased by 30 basis points, with gross margin improving by about 160 basis points due to manufacturing and productivity savings.
"P&G Delivers Fourth Quarter Core EPS of $0.79, Organic Sales up 4%; Fiscal Year 2013 Core EPS of $4.05", Procter & Gamble, August 01, 2013, © Procter & Gamble
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