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Procter & Gamble Reports Unchanged Net Sales For Second Quarter Of FY2014

January 24, 2014: 12:00 AM EST
Procter & Gamble Co. reported net sales of $22.3 billion for the second quarter of fiscal year 2014, including a negative 3 percentage point impact from foreign exchange. Organic sales rose 3 percent, with diluted net earnings per share reaching $1.18, a 15 percent decline compared with a base period that included a $0.21 per share holding gain from the company’s acquisition of the balance of its Baby Care and Feminine Care joint venture in Iberia. Core earnings per share declined 1 percent to $1.21 from the same quarter of the previous year. Core operating profit margin declined 10 basis points, due to a lower gross margin, which fell 90 basis points.
"P&G Delivers Second Quarter Organic Sales up 3%, Core EPS of $1.21; Confirms Sales and Earnings Outlook for Fiscal Year", Procter & Gamble, January 24, 2014, © Procter & Gamble
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