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Procter & Gamble Company: Jas Q1 Fy16 Earnings Slides

The following excerpt is from the company's SEC filing.

Business ResultsQ1 FY 2016

Jul – Sept 15 (Q1 FY 16) ResultsOrganic Sales Growth* * Restated for Batteries, Beauty category exits & Venezuela deconsolidation JAS 15

Jul – Sept 15 (Q1 FY 16) ResultsMarket Share Global value share ~22% % of Sales Holding/Growing Share ~35%

Jul – Sept 15 (Q1 FY 16) ResultsCore EPS Growth* * Restated for Batteries & Beauty category exits Core EPS includes 270 basis points of operating margin improvement, including 260 basis points of productivity savings.

Jul – Sept 1 5 (Q1 FY 16) ResultsCurrency Neutral Core EPS Growth* * Restated for Batteries & Beauty category exits

Results To-DateNon-Core Restructuring Spending* FY 16 ($MM Before Tax) JAS Cost of Goods Sold 72 SG&A 0 Total Non-Core Restructuring 72 * Exclude Batteries, Beauty category exits & Venezuela

Business SegmentsQ1 FY 201

Jul – Sept 15 (Q1 FY 16) ResultsBeauty Segment -2% -4% -2% +1% Pricing, +1% MixOrganic Sales: i Low single digits in Developed markets, i Low single digits in Developing marketsGlobal value share* declined 1.0 points versus year agoNet Earnings: Productivity improvements, pricing helps and positive mix were more than offset by volume decline and currency headwinds. * Value share data source changed from Total World estimate to Purchased Data only

Jul – Sept 15 (Q1 FY 16) ResultsGrooming Segment Flat -3% -16% +5% Pricing, -2% MixOrganic Sales: i Low single digits in Developed markets, h Mid-single digits in Developing marketsGlobal value share declined 1.3 points versus year agoNet Earnings: Productivity improvements and pricing were more than offset by volume decline, mix hurts and currency headwinds. * Value share data source changed from Total World estimate to Purchased Data only

Jul – Sept 15 (Q1 FY 16) ResultsHealth Care Segment -1% -6% -1% +2% Pricing, +3% MixOrganic Sales: i Low single digits in Developed markets, i Low single digits in Developing marketsGlobal value share declined 0.5 points versus year agoNet Earnings: Productivity improvements, pricing and positive mix were more than offset by volume decline and currency headwinds. * Value share data source changed from Total World estimate to Purchased Data only

Jul – Sept 15 (Q1 FY 16) ResultsFabric & Home Care Segment Flat -2% 4% +1% Pricing, +1% MixOrganic Sales: h Low single digits in Developed markets, i Low single digits in Developing marketsGlobal value share declined 0.4 points versus year agoNet Earnings: Productivity improvements and pricing were partially offset by volume decline and currency headwinds. * Value share data source changed from Total World estimate to Purchased Data only

Jul – Sept 15 (Q1 FY 16) ResultsBaby, Feminine & Family Care Segment -3% -6% -9% +2% Pricing, +1% MixOrganic Sales: i Low single digits in Developed markets, i Mid-single digits in Developing marketsGlobal value share declined 1.4 points versus year agoNet Earnings: Productivity improvements and pricing were more than offset by volume decline, mix hurts and currency headwinds. * Value share data source changed from Total World estimate to Purchased Data only

Category HighlightsQ1 FY 2016

Jul – Sept 15 (Q1 FY 16) ResultsBeauty Highlights Hair Care organic sales were down versus year ago. Developed market sales declined as growth in Head & Shoulders was more than off-set by challenges on Herbal Essences. Developing market sales were about flat as solid sales in Latin America were offset by customer inventory adjustments in China and negative volume impacts behind increased pricing in Russia.Skin Care organic sales were up versus year ago, as double-digit sales growth on SKII from innovation and new users was more than offset by declines in retail Skin Care. Antiperspirants and deodorants organic sales were in-line with year ago. Strong Old Spice sales in the U.S. were offset by Developing market sales decline due to a high base period from the Old Spice expansion.Personal Cleansing organic sales were down due to declines in Developing markets largely behind impacts from trade inventory corrections in China. By Category Organic Sales Growth IYA Global Developed Developing Hair Care - - ~= Skin & Personal Care ~= + - + represents growth above 1%, ~= represents growth of 1% to decline of 1%; - represents decline greater than1%.

Jul – Sept 15 (Q1 FY 16) ResultsGrooming Highlights Shave Care organic sales were in-line with year ago. Developing market sales were up mid-single digits behind the Fusion FlexBall expansion and price increases and were offset by Developed market declines from increased competitive activity, category softness, and a base period effect from last year’s Fusion FlexBall launch in North America.Appliances organic sales grew high-single digits behind innovation expansion and strong in-store execution. By Category Organic Sales Growth IYA Global Developed Developing Grooming ~= - + + represents growth above 1%, ~= represents growth of 1% to decline of 1%; - represents decline greater than1%.

Jul – Sept 15 (Q1 FY 16) ResultsHealth Care Highlights Oral Care organic sales were in-line with year ago. Strong growth globally on power toothbrushes and across the portfolio in Western Europe was largely offset by customer inventory adjustments in China and increased pricing in Brazil.Personal Health Care organic sales decreased low single digits mainly because of a high base period with new innovation launches in North America last fiscal year. By Category Organic Sales Growth IYA Global Developed Developing Oral Care ~= ~= ~= Personal Health Care - - ~= + represents growth above 1%, ~= represents growth of 1% to decline of 1%; - represents decline greater than1%.

Jul – Sept 15 (Q1 FY 16) ResultsFabric & Home Care Highlights Fabric Care organic sales were about flat as solid growth in the U.S. behind innovation and pricing in developing markets was offset by declines due to de-prioritizing less profitable brands and products and increased competitive activity. U.S. Fabric Care value share grew 0.2 points in the past 3 months with Tide up 0.3 points.Home Care organic sales were in-line with year ago. Solid growth in the U.S. driven by recent innovation in the dish care business and benefits from recent pricing...


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