The Procter & Gamble Company (PG) reported results for the first quarter of fiscal 2010 with earnings of 97 cents per share, in line with the Zacks Consensus Estimate but down 5.8% year-over-year. Net sales for the quarter declined 5.6% year-over-year to $19.8 billion, as a 3% benefit from pricing and 1% benefit from product mix was fully offset by a 3% decline in unit volume -- a 7% unfavorable impact of foreign currency and a 1% impact of divestitures. However, successful product launches, supported by marketing initiatives, contributed to the top line. Organic sales grew 2% during the quarter driven by pricing and product mix. All three Global Business Units (GBU) witnessed revenue declines during the quarter. The Beauty segment declined 5%, with the low single-digit growth in retail hair care volumes offset by the double-digit decline in Professional salon volume and mid-single-digit decline in female ...

Procter & Gamble (PG) reported results for the fourth quarter with earnings of $0.80 per share, above the Zacks Consensus Estimate and flat year-over-year. For fiscal 2009, earnings were $4.26 per share, above management’s guidance. Net sales for the quarter declined 10.6% year-over-year to $18.7 billion, as a 5% benefit from pricing was fully offset by a 5% decline in unit volume, a 9% unfavorable impact of foreign currency and a 1% impact of divestitures. However, successful product launches, supported by marketing initiatives, contributed to the top line. Organic sales declined 1% during the quarter. For fiscal 2009, net sales contracted 3.3% to $79.0 billion, driven by a 4% unfavorable impact of foreign exchange, 1% unfavorable impact of product mix and 3% volume decline, which were partially offset by a 5% gain from pricing. Organic sales increased 2% for the year. All three Global Business ...