Procter & Gamble Q2 2019 net sales hold steady

Beauty and personal care giant increases its sales guidance by 1%

Procter & Gamble (P&G) has announced second quarter fiscal year 2019 net sales of US$17.4bn, unchanged with prior year level figures.

Organic sales grew 4%, excluding the impacts of foreign exchange, acquisitions and divestitures, while diluted net earnings per share were $1.22, an increase of 31% versus the prior year, primarily due to the income tax charges related to transitional impacts of the US. Tax Act in the base period, according to the company.

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