P&G sees sales rise in fourth quarter

P&G reports fiscal-fourth quarter net sales of US$18.9b, an increase of 7 per cent from a year earlier.

Procter & Gamble (P&G), parent company of Procter & Gamble Professional  (P&G PRO), has reported fiscal-fourth quarter net sales of US$18.9 billion, an increase of 7 per cent from a year earlier.

The company reported an operating income of $3.54 billion, up 2 per cent from $3.48 billion a year earlier.

Net sales for P&G’s health care divisions climbed 18 per cent, while sales in its beauty segment increased 11 per cent.

The company’s fabric and home care division raised sales 5 per cent and its grooming segment reported a 10 per cent bump in net sales.

David Taylor, chairman, president, and CEO, said the company delivered another year of strong results with balanced top and bottom-line growth and strong cash generation, exceeding each of its in-going targets.

“We built strong momentum prior to the pandemic and have strengthened our position further. As we look forward to fiscal 2022, we expect to continue to grow top-line and bottom-line and to deliver another year of strong cash return to shareholders despite a challenging cost and operating environment.”

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