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P&G Strategies Are Working, Says CEO

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By: TOM BRANNA

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Chairman, president and chief executive A.G. Lafley told shareholders at the annual meeting that P&G “delivered results ahead of growth objectives in fiscal 2003–one of the better years in P&G history.”For fiscal 02/03, P&G sales rose 8%, volume rose 8% and net earnings and net earning per share each were up 19%. Core net earnings, which exclude restructuring charges, were up 13%. Core diluted net earnings per share, which exclude restructuring charges, were up 1...

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