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Sales & Earnings In Brief

This article was originally published in The Rose Sheet

Executive Summary

Procter & Gamble: Double-digit growth of P&G's prestige fragrances business was central to fourth-quarter and fiscal 2007 growth, according to an Aug. 3 release. Full-year net beauty sales increased 9% to $23.0 billion, firm says, attributing growth to Boss Selection and Boss Femme fragrance initiatives and the addition of Dolce & Gabbana's The One through a July 2006 licensing deal (1"The Rose Sheet" Dec. 19, 2005, In Brief). High single-digit skin-care growth was driven by Olay Definity and Regenerist, while hair-care sales increased by mid-single-digits on strong performances from Pantene, Head & Shoulders and Herbal Essences, P&G says. Q4 beauty sales totaled $5.9 bil., up 8%, with significant contributions coming from Escada and Lacoste within firm's prestige fragrances segment, as well as Dolce & Gabbana. Overall, company sales for the year rose 12% to $76.5 bil. Fourth-quarter revenue was up 8% to $19.3 bil. Double-digit increases in Blades & Razors and Health Care divisions were driven by sales of Gillette Fusion and Crest Pro-Health; Fiscal 2008 sales are expected to grow 5% to 7%...
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