Tuesday, January 28, 2014
P&G’s Long Term Prospects Hit by Slowdown in Volume Growth
The Procter and Gamble Company (PG) announced earnings for the second quarter (2Q) of its fiscal year 2014 (FY14). The company reported adjusted EPS of $1.2, which was almost in line with analysts’ estimates. However, reported sales of $22.28 billion missed analysts’ expectations of $22.34 billion.
The company’s organic sales improved 3% year-over-year (YoY), which was slightly less than the 4% growth in the first quarter. Furthermore, its net sales remained flat due to the negative impact of volatility in foreign exchange rates.
Among the company’s five business segments, organic sales from the Beauty segment remained flat, while those from the Health Care segment showed the highest growth of 5%.
Read More : PG