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P&G FISCAL 1995 FIRST QUARTER NET EARNINGS ADVANCE 18.2% TO $792 MIL.

This article was originally published in The Rose Sheet

Executive Summary

P&G FISCAL 1995 FIRST QUARTER NET EARNINGS ADVANCE 18.2% TO $792 MIL. on a sales increase of 7.9% to $8.16 bil., the company said in an Oct. 26 statement of sales and earnings for the quarter ended Sept. 30. According to Procter & Gamble Chairman and CEO Edwin Artzt, "The earnings improvement reflects strong worldwide unit volume growth and good cost control throughout the company." First quarter worldwide unit volume grew 10%, three percentage points of which was associated with acquisitions net of divestitures, compared to a 5% increase in fiscal 1994.
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