Procter & Gamble Reports 8% Net Sales and 22% EPS Growth in the Fourth Quarter

CINCINNATI, Aug. 3 /PRNewswire-FirstCall/ -- The Procter & Gamble Company (NYSE: PG - News) announced net sales growth of eight percent for the April - June quarter to $19.3 billion and 12 percent growth for the fiscal year to $76.5 billion. Diluted net earnings per share increased 22 percent for the quarter to $0.67 behind sales growth and a 110-basis point operating margin improvement. For the fiscal year, diluted net earnings per share were up 15 percent to $3.04. The impact of Gillette dilution for the fiscal year was an estimated $0.10 - $0.12 per share, slightly better than the company's expectations primarily due to faster than expected cost synergies. Every segment grew organic sales for the year, led by high-single digit growth in Blades & Razors and Fabric & Home Care and mid-single digit growth in Beauty and Health Care.
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