Procter & Gamble Reports Net Sales Unchanged In FY 1Q 2017

Procter & Gamble Company reported net sales remained unchanged at $16.9 billion in the second quarter of fiscal 2017, compared with the same quarter in the previous year. Organic sales rose 2 percent, with organic sales and organic volume rising in all of the company's five business segments. Diluted net earnings per share rose 157 percent to $2.88, compared with the previous year, including a $1.95 per share gain from the sale of beauty brands to Coty. Operating cash flow for the quarter was $3 billion, with adjusted free cash flow productivity at 82 percent.