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Olay

This article was originally published in The Rose Sheet

Executive Summary

Daily Facial Cleansing Cloths achieve 13 value share five months after launch, driving Olay from sixth spot to top-selling facial cleansing brand, P&G CFO Clayton Daley announces during Oct. 31 fiscal fourth quarter investor conference call. Beauty care sales grew 2% to $1.87 bil. for the quarter (ended Sept. 30), including 3% unfavorable exchange impact over year-ago period. Earnings for P&G leaped 19% to $267 mil., due to improved pricing, lower taxes and comparison to weak year-ago period. Net sales flat at $9.97 bil., while income grew 4% to $1.16 bil., excluding Organization 2005 charges
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