Procter & Gamble (NYSE: PG) 3Q19 Results: Innovations and Increased Pricing Drive Growth

Executive Summary

• P&G reported net sales of $16.5 billion for the third quarter of fiscal 2019, an increase of 1.1% year over year. Organic sales (which exclude the impact of currency changes, acquisitions and divestitures) were up 5% versus last year.
• The beauty segment recorded the highest organic sales growth at 9% year over year in 3Q19.
• Grooming was the only segment that saw a decline in organic sales, which were down 1%.
• For FY19, P&G is targeting organic sales growth of 4% and a net sales increase of up to 1%.