P&G Delivers Second Quarter EPS and Organic Sales in Line with Ex...(t during the quarter to $799 million pri...),Health

-- Grooming net sales declined seven percent during the quarter to $2.0 billion. Organic sales increased one percent. Volume declined six percent primarily due to a double-digit decline of Braun. Price increases taken across premium shaving systems added four percent to net sales. Product mix contributed one percent to net sales behind continued growth of premium innovations such as Gillette Fusion. Unfavorable foreign exchange reduced net sales by six percent, and the net impact of acquisitions and divestitures reduced net sales by two percent. Blades and Razors volume decreased low- single-digits driven primarily by trade inventory reductions and market contractions in developed regions. Double-digit growth of Gillette Fusion was offset by a high-single-digit decline of Mach3. Gillette Fusion became the largest brand in the U.S. systems market. Global market share of blades and razors increased by one percent. Braun volume declined behind market contractions, the exits of the U.S. home appliance and Tassimo coffee appliance businesses and trade inventory reductions. Global market share of dry shaving increased half a point to nearly 35 percent on growth of the female epilators segment. Net earnings decreased three percent to $416 million for the quarter primarily due to lower net sales, partially offset by higher operating margin from price increases and improved product mix.

Health & Well-Being GBU

-- Health Care net sales were down six percent during the quarter to $3.5 billion, and organic sales were in line with the prior year. Net sales were negatively impacted by unfavorable foreign exchange of five percent, a volume decline of three percent and negative product mix of one percent. This was partially offset by a positive pricing impact of
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