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P&G’s Sales Flat, Net Earnings Soar

Volume up, but forex dampens results

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By: TOM BRANNA

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Procter & Gamble said volume rose 1% during its second quarter ended Dec. 31, 2016, but forex effects resulted in flat sales of $16.9 billion, However, net earnings soared 145% to nearly $7.9 billion. While health care sales rose 5% to nearly $2.1 billion during the period, beauty, grooming, fabric & home care, and baby, feminine & family care businesses all reported a 1% decline in sales. “We delivered good results in the second quarter in a difficult operating environment,”...

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