P&G Delivers First Quarter Core EPS of $1.05, Organic Sales Up 4%

Friday, October 25, 2013 2:02 pm BST

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Today, October 25, 2013 at 07:00 am EDT, The Procter & Gamble Company (NYSE:PG) reported first quarter fiscal year 2014 diluted net earnings per share of $1.04, up eight percent versus the prior year. Core earnings per share were $1.05, a decrease of one percent versus the prior year. On a currency-neutral basis, core earnings per share increased eight percent for the quarter. Net sales were $21.2 billion, an increase of two percent, including a negative two percentage point impact from foreign exchange. Organic sales grew four percent for the quarter.

“P&G’s first quarter results were consistent with our plans and expectations, putting us on track to deliver our goals for the fiscal year,” said Chairman, President, and Chief Executive Officer A.G. Lafley. “We have good market share momentum, a number of strong innovations coming to market over the balance of the year, and cost savings from productivity efforts that will continue to build. We remain focused on driving innovation and productivity. We continue to improve operating discipline and execution every day to create value for consumers and shareowners.”

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Contact:

P&G Media Contacts:
Paul Fox, t: +1 513-983-3465
Jennifer Chelune, t: +1 513-983-2570

or

P&G Investor Relations Contact:
John Chevalier, t: +1 513-983-9974

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