P&G Reports Q1 EPS of $1.03 on 9% Sales Growth; Double digit growth (Pringles) snacks volume in North America

The Procter &Gamble Company (NYSE: PG) announced net sales growth of nine percent for the July - September quarter to $22.0 billion. Organic sales were up five percent, delivering at the mid-point of the Company's four to six percent target range. Sales growth was led by strong growth in the Beauty, Fabric Care &Home Care and Baby Care &Family Care segments. Diluted net earnings per share increased 12 percent to $1.03 for the quarter.

On the segment snacks (Pringles) P&G announces:

Snacks, Coffee and Pet Care net sales increased nine percent to $1.2 billion for the quarter on two percent volume growth. Pricing contributed seven percent to net sales due to multiple price increases in Coffee and Pet Care, and favorable foreign exchange added two percent to net sales. These were partially offset by a negative two percent product mix impact from the disproportionate growth of Snacks, which has lower selling prices than the segment average. Snacks volume increased mid-single digits due to double- digit growth in North America behind strong base business growth of Pringles and continued growth from Pringles Extreme Flavors and Stix initiatives.