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P&G Reports Fourth Quarter EPS of $0.92 and Operating Profit Growth of 13%, Behind Balanced 5% Organic Sales and Volume Growth
Date:8/5/2008

r and blood pressure devices business. Net earnings in Grooming were up 21% in 2008 to $1.7 billion behind net sales growth and lower overhead spending as a percentage of net sales.

Health & Well-Being GBU

-- Health Care net sales increased nine percent in 2008 to $14.6 billion behind a four percent increase in volume. Foreign exchange had a positive five percent impact on net sales and price increases added one percent to net sales. Disproportionate volume growth in developing regions resulted in a negative one percent mix impact. Feminine Care volume increased mid-single digits and organic volume was up high-single digits behind double-digit growth on Naturella and high-single digit growth on Always. Oral Care volume was up mid-single digits behind initiative-driven growth on Oral-B toothbrushes and Crest. Volume in Pharmaceuticals and Personal Health was up low-single digits as the impact of adding the Swiss Precision Diagnostics business was largely offset by lower shipments in Pharmaceuticals and Prilosec OTC. Net earnings in Health Care were up 12 percent in 2008 to $2.5 billion as net sales growth and lower overhead and marketing spending as a percentage of net sales more than offset higher commodity costs.

-- Snacks, Coffee and Pet Care net sales increased seven percent to $4.9 billion in 2008. Net sales grew behind a two percent volume increase, a positive three percent price impact and a three percent favorable foreign exchange impact. Product mix had a negative one percent impact on net sales from a decline in Coffee volume, which has higher selling prices than the segment average. Snacks volume was up high-single digits behind the launch of Rice Infusion in Western Europe, Extreme Flavors and Pringles Stix in North America. Coffee volume declined low-single digits as growth from the launch of the Dunkin' Donuts(R) line was more than offset by lower volume on the balance of the business. In Pet Care, volume was down low-single digits
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SOURCE The Procter & Gamble Company
Copyright©2008 PR Newswire.
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