In Brief: P&G
This article was originally published in The Rose Sheet
Executive Summary
P&G: North American earnings climb 9% on sales and volume advances of 7% during the second quarter of FY 1995 (ended Dec. 31), P&G said Jan. 25. Procter & Gamble highlighted the "particular strength" of its hair care and personal cleansing categories as contributing to the results. The firm also noted that the North American earnings gain "reflected a continued cost control focus." P&G net income grew 11.5% to $836 mil. on a 7.1% sales gain to $9.09 bil. for the quarter. For the first half, net sales grew 8.7% to $18.12 bil. and net earnings increased 12.3% to $1.73 bil...