P&G posts Q2 results
CINCINNATI — Procter & Gamble reported on Friday that second-quarter results were in line with company expectations, and solid growth is projected for the second half of the fiscal year.
Second-quarter net totaled $22.3 billion, unchanged from the year-ago period. Organic sales grew 3%.
Diluted net earnings per share were $1.18, a decrease of 15% versus a base period that included a 21 cents per share holding gain resulting from P&G’s purchase of the balance of its baby care and feminine care joint venture in Iberia.
“P&G’s second-quarter results came in as we expected,” said chairman, president and CEO A.G. Lafley. “We’re on-track to deliver our objectives of 3% to 4% organic sales growth and 5% to 7% core EPS growth for the fiscal year. We expect strong earnings growth in the second half of the fiscal year driven by solid top-line growth, moderating headwinds from foreign exchange, and productivity savings that build throughout the year.”
In beauty, organic sales were unchanged. Gains from market growth and innovation in prestige, hair care, deodorants and personal cleansing were offset by geographic and product mix and a decrease in skin care sales, P&G stated.
In grooming, organic sales increased 3% as higher pricing and innovation on blades and razors and appliances were partially offset by market contraction in developed regions and geographic and product mix, the company noted.
Dr. brandt skin care launches its first ever national ad campaign
NEW YORK — Anti-aging skin care brand dr. brandt is launching a national advertising campaign — the first in brand history — to introduce its new Do Not Age pearl serum.
The advertisement will debut across national magazines and will highlight the power of dr. brandt’s Duo Pearl technology integral to the DNA pearl serum.
The new serum is poised to become a dr. brandt hero product as a culmination of more than 30 years of experience and research of cosmetic dermatologist Dr. Brandt.
Dr. brandt skincare is further promoting this launch with a sweepstakes in which five winners will be selected every week from Jan. 31 to Feb. 28 to win the entire Do Not Age collection with full-size products. One participant also will win a $1,000 gift card that can be used on drbrandtskincare.com. The ad will feature a URL and a QR code that will allow readers to enter into the sweepstakes from smartphones.
Report: Private equity firm to invest in maker of Organix hair care
NEW YORK — Private equity firm Carlyle Group has reportedly agreed to acquire a minority stake in Vogue International, the maker of Organix hair care products, according to a Reuters report.
"Carlyle will work with Vogue’s founder and Chief Executive Officer Todd Christopher and his team to continue expanding the brand and building the business globally," the buyout firm was reported as saying in a statement.
Financial terms of the deal were not disclosed. However, people familiar with the matter told Reuters a year ago that the manufacturer could be valued at $800 million or more, Reuters reported.