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P&G Reports $0.98 EPS, Up 17%, on 9% Sales Growth; Announces Plan to Create Stand-Alone Coffee Company
Date:1/31/2008

et earnings

in Grooming were up 11 percent for the quarter to $429 million

primarily behind sales growth and lower overhead costs, which more than

offset lower gross margin on Braun.

Health & Well-Being GBU

-- Health Care net sales were up 11 percent during the quarter to

$3.8 billion. Sales grew behind a five percent increase in volume and

a six percent favorable foreign exchange impact. Oral Care volume was

up high-single digits with strong growth on Crest Pro-Health toothpaste

and Oral-B brushes in developed regions and continued double-digit

growth in developing regions. Feminine Care volume was up mid-single

digits behind higher market share on Always. Volume in Pharmaceuticals

and Personal Health was in-line with the year ago period as strong

results on Prilosec OTC and the addition of the Swiss Precision

Diagnostics joint venture were offset by lower shipment levels on Vicks

due to low cough and cold incidence and on Actonel. Net earnings in

Health Care were up 10 percent to $715 million. Earnings increased

behind sales growth and lower overhead costs as a percent of sales,

partially offset by a less profitable product mix and higher commodity

costs.

-- Snacks, Coffee and Pet Care net sales increased four percent to

$1.3 billion. Sales were up as a result of a one percent pricing

impact in Coffee and Pet Care and three points of favorable foreign

exchange. Volume for the segment was in-line with the year-ago level

as growth in Snacks and Coffee was offset by a decline in Pet Care

primarily due to continued negative impacts from the voluntary wet pet

food recall last fiscal year. Snacks volume increased mid-single

digits behind successful initiative results on Pringles Minis and

Selects. Coffee volume was up l
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SOURCE The Procter & Gamble Company
Copyright©2008 PR Newswire.
All rights reserved

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