Procter & Gamble (PG) Gains on Solid Q2 Results, Highlighted by Accelerating Core Sales Growth
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P&G Delivers +2% Organic Sales, +9% Core Earnings Per Share in Second Quarter Fiscal 2016
January 26, 2016 7:00 AM ESTNet Sales -9%; Organic Sales +2%; Diluted Net EPS +37%; Core EPS +9%; Currency-Neutral Core EPS +21%
CINCINNATI--(BUSINESS WIRE)-- The Procter & Gamble Company (NYSE: PG) reported second quarter fiscal year 2016 net sales of $16.9 billion, a decrease of nine percent versus the prior year due primarily to foreign exchange impacts. Organic sales, which exclude the impact of foreign exchange and acquisitions and divestitures, increased two percent. Core earnings per share were $1.04, an increase of nine percent. Core operating profit margin increased 350 basis points with improvement in gross margin and SG&A costs. Currency-neutral... More
