P & G's net sales increased slightly in the first

2022-10-23
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P & G's net sales increased slightly in the first quarter of 2019

on April 23 local time, consumer goods giant P & G announced its first quarter financial report of 2019. The financial report shows that thanks to the increase in product prices and market demand for beauty products, P & G's net sales in 2019 increased by 1% year-on-year to US $16.46 billion, or about RMB 110.583 billion, higher than market expectations. Excluding the impact of exchange rate, asset divestiture, acquisition and other factors, organic sales increased by 5%

it is noteworthy that the organic sales of P & G health care sector increased by 5%. Organic sales of personal health care increased by a medium single digit, mainly due to currency depreciation and innovation related price increases. The textile and home care sector also continued to invest in the production of the next generation of safer hydrofluorocarbon substitutes due to rising prices. Organic sales increased by 7% in the quarter

however, not all the positive effects brought by the price rise are to expand sales channels. The organic sales of P & G's infant, female and home care departments increased by 2% compared with the same period last year. However, due to competitive activities and market shrinkage, the demand for more and more layers of organic sales of infant care has decreased, partially offset by the positive combination of price increases and the disproportionate growth of high-quality products

jonmoeller, P & G's chief financial officer, Jon Moeller, pointed out that although market participants were worried that the economy might slow down, P & G still saw strong growth in China and the United States. At the same time, P & G was able to use innovation to moderately raise prices, thereby offsetting the pressure brought by rising raw material prices and transportation costs, as well as the appreciation of the United States

in fact, P & G has announced price increases since 2018 to offset the impact of rising raw materials and transportation costs. In the second half of 2018, P & G announced that it would raise the prices of some products in oral care, personal care and home care businesses in early 2019, such as detergent, toothpaste, deodorant, etc. P & G, on the other hand, raised prices in the North American market as early as 2018, including products of some brands such as bangshibao, bounty, Charmin and puffs

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