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P&G Reports EPS of $0.92, Up 16% Behind 8% Sales Growth
Date:10/30/2007

nitial wave of the liquid

laundry detergent compaction launch in North America and the launch of

Tide Pure Essentials. Home Care volume was up double-digits for the

quarter behind the Dawn restage in North America, the launch of Febreze

candles and continued expansion of auto-dishwashing products in Western

Europe. Batteries volume was up mid-single digits behind double-digit

growth in developing regions. Net earnings in Fabric Care and Home

Care increased 10 percent to $916 million. Sales growth and overhead

cost leverage more than offset higher marketing spending as a percent

of sales behind major initiatives and commodity cost increases.

-- Baby Care and Family Care net sales increased 10 percent to $3.4

billion behind eight percent volume growth and a three percent

favorable foreign exchange impact, partially offset by a negative one

percent mix impact. Volume growth was balanced across the segment with

high-single digit growth in both Baby Care and Family Care. Baby Care

volume in developed regions was up mid-single digits behind continued

success on Pampers Baby Stages of Development and on the Baby-Dry

Caterpillar-Flex initiative. In developing regions, Baby Care volume

was up double-digits behind continued success on Pampers. Family Care

volume was up behind the Charmin product restage and continued success

on the Basic product tier. Net earnings in Baby Care and Family Care

were up 12 percent to $430 million behind sales growth and overhead-

driven margin expansion.

Fiscal Year and October-December Quarter Guidance

For the 2008 fiscal year, the company expects organic sales to grow by four to six percent, in line with its long term target range. The combination of pricing and product mix is expected to have a neutral to positive one percent imp
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SOURCE The Procter & Gamble Company
Copyright©2007 PR Newswire.
All rights reserved

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