This article was originally published in The Rose Sheet
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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