P&G delivers slow but steady quarterly sales growth

Published: 1-May-2012
Finance

Asia drives beauty business gains

The Procter & Gamble Company has maintained top line growth momentum in its fiscal Q3 and grew core operating profit. The company delivered 2% net sales growth to $20.2bn for the January to March quarter. Organic sales increased 3% driven by price increases. Diluted net earnings per share from continuing operations were $0.81, down 14% due to non-core charges of $0.13 per share. These items included incremental restructuring charges due to P&G’s recently announced productivity and cost saving plans, says the company. Operating profit, meanwhile, decreased 11% but adjusted for non-core charges grew 2%.

P&G’s beauty net sales increased 1% to $4.8bn on unit volume growth of 1% (organic sales grew 2%). Within beauty, hair care increased in low single digits behind high single digit growth in developing regions, the result of innovation activity and distribution expansions in Asia, which offset mid single digit decline in developed markets. Volume in skin care, personal care and cosmetics decreased in low single digits due to heightened competitive activity in North America, while volume in prestige products increased mid singe digits. In prestige products P&G added SK-II to its portfolio.

Meanwhile grooming net sales, comprising shave care and appliances, were in line with the prior year period at $2bn (up 2% in organic sales) with unit volume up 1%.

In other news, P&G has enlisted actress and musician Zooey Deschanel to represent its Pantene Beautiful Lengths Collection. The 500 Days of Summer star, who sings in indie band She & Him will appear in all elements of the brand’s marketing campaign from August 2012.
  • Companies:
  • Procter and Gamble
See more

You may also like

You need to be a subscriber to read this article.
Click here to find out more.
Recruitment

From Estée Lauder to Chanel: The beauty industry’s biggest job cuts of 2025

Read more
Mass beauty brand owners and luxury firms alike have made layoffs this year amid falling sales and tough economic challenges. Are more to come?

Trending Articles

  1. L'Oréal, LVMH and Luxottica named preferred buyers of Giorgio Armani empire The late Italian fashion designer has given purchasing priority to L'Oréal, along with LVMH, owned by the world’s richest man, Arnault Bernard, and eyewear brand Luxottica
  2. You need to be a subscriber to read this article.
    Click here to find out more.
    Marionnaud pulls out of Poland The retailer is looking to complete the process in Q1 of 2014
  3. You need to be a subscriber to read this article.
    Click here to find out more.
    From Estée Lauder to Chanel: The beauty industry’s biggest job cuts of 2025 Mass beauty brand owners and luxury firms alike have made layoffs this year amid falling sales and tough economic challenges. Are more to come?
  4. Face The Future grows luxury hair portfolio with Luxurious Look acquisition The online beauty retailer’s acquisition of the luxury hair care retailer comes as Face The Future enters a new growth phase
  5. Klarna launches new shopping app allowing users 'buy now, pay later' via any online retailer The app has been rolled out to UK-based consumers and means users can split the cost even if the store has not officially partnered with the Swedish fintech

Upcoming event

13th Annual Beauty Trends & Innovations Conference

24 September 2025 | London, UK See all

You may also like

You need to be a subscriber to read this article.
Click here to find out more.
Recruitment

From Estée Lauder to Chanel: The beauty industry’s biggest job cuts of 2025

Mass beauty brand owners and luxury firms alike have made layoffs this year amid falling sales and tough economic challenges. Are more to come?
Finance

President Donald Trump unveils new US global tariffs hours before August deadline

Stock markets across the world have plunged into chaos after a wave of increased tax hikes was revealed by the US President late on 31 July
Finance

P&G’s Specialty Beauty Division lead Colin Walsh steps down

Walsh, who previously served as CEO of Ouai and Deva Curl, is set to exit the consumer goods company sooner than you think
Finance

P&G to slash 7,000 staff as global tariffs pressures mount

The job cuts will result in a reduction of job of around 15% over the next two years at the owner of Pampers, Olay and Head & Shoulders
You need to be a subscriber to read this article.
Click here to find out more.
Body Care

Updated: The beauty brands escalating prices as Trump’s chaotic tariffs take hold

From Glow Recipe and The Inkey List to e.l.f., these are the beauty businesses increasing their prices or warning of higher costs under the new US levies
You need to be a subscriber to read this article.
Click here to find out more.
Finance

Exclusive: Chanel named world's most valuable beauty brand in 2025, ahead of L'Oréal

Cosmetics Business looks into Brand Finance’s definitive ranking of the most valuable cosmetics brands to discover who is thriving and who is struggling in 2025
Regulatory

P&G warns of price hikes as it takes $1.5 billion hit from Trump tariffs

The FMCG giant is also considering cost-cutting and sourcing options outside of China, which make up 10% of imports
Subscribe now