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Home > Fortune 500 Companies > Procter & Gamble
Procter & Gamble
Procter & Gamble is a publicly traded company having a good stock performance result. Procter & Gamble is a fortune 500 stock listed company trading under PG.
William Procter and James Gamble founded the Procter & Gamble Company in 1837. The company headquartered located in Cincinnati, Ohio. The Procter & Gamble Company engages in the manufacture and marketing of various consumer products worldwide. The company operates in five segments; P&G Beauty, Health Care, Fabric Care and Home Care, Baby Care and Family Care, and Snacks and Coffee. Mr. Lafley is Chairman of the Board, President and Chief Executive of the Company since June 2000.
In 2005, The Procter & Gamble Company reported growth for the April - June quarter and the fiscal year. The company posted net sales growth of 10 percent for both the quarter and fiscal year. Diluted net earnings per share were 0.56 dollars for the quarter, a 12 percent increase, and 2.66 dollars for the fiscal year, a 15 percent increase. Net sales for the quarter increased 10 percent to 14.26 billion dollars. For the fiscal year, sales also grew 10 percent to 56.74 billion dollars. Net sales for the quarter increased 10 percent to 14.26 billion dollars. Organic sales increased 9 percent, well above the company's long-term annual target. Pricing added 2 percent to sales growth behind actions that partially recovered the impact of higher commodity costs in family care, pet health & nutrition, coffee and certain fabric care markets.
Net earnings in 2005 increased 12 percent to 7.26 billion dollars. Net earnings margin increased 20 basis points to 12.8 percent. Earnings margin grew primarily behind volume and cost reduction efforts, which more than offset the effects of higher commodity costs. Diluted net earnings per share were 2.66 dollars, an increase of 15 percent compared to the prior year and above the company's annual minimum target growth rate of 10 percent. Diluted net earnings per share grew ahead of net earnings due to the company's share repurchase activity.
The company will provide branded products and services of superior quality and value that improve the lives of the world's consumers. As a result, consumers will reward them with leadership sales, profit, and value creation, allowing their people, shareholders, and the communities in which they live and work to prosper.
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