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P&G Reports 9% Sales Gain in Fiscal First Quarter

Grooming up 10%, fabric and home care up 6%.

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By: TOM BRANNA

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The Procter & Gamble Company announced today that it delivered strong first quarter net sales growth of 9% to $21.9 billion. According to the company, organic sales grew 4% behind higher volume and pricing. “The first quarter was a good start to the fiscal year,” said chairman, president and CEO Bob McDonald. “We maintained strong top-line growth momentum in a difficult operating environment. We are well positioned – due to continued top-line strength, recently ...

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