The Procter &Gamble Company (NYSE:PG), manufacturer of consumer products in the personal care and household cleaning segments AND manufacturer of PRINGLES, reported financial results for Q4 and its fiscal year ending June 30.
P&G announced diluted net earnings per share for the fiscal year ending June 30, 2009 of $4.26, up 17 percent and exceeding the Company's guidance range of $4.20 to $4.25. Core EPS, which excludes the current year impact from the sale of the Folgers business and certain tax adjustments in the prior fiscal year, increased eight percent versus fiscal 2008. For the April - June quarter, diluted net earnings per share were $0.80, above the Company's guidance range of $0.74 to $0.79 for the quarter.
On the snack business (Pringles) the Q4 report states:
Snacks volume decreased high single digits due to lower merchandising activity, reduced trade inventory levels and a high base period, which included the Rice Infusion, Extreme Flavors, and Stix product launches.
