Press Release P&G, page-4

The Procter & Gamble Company (PG) Q1 2019 Results - Earnings Call Transcript

The Skin Care, if you look at Skin and Personal Care, which is how we look at the business, organic sales increased in the quarter double-digits about 13%. And very, very encouragingly, that growth is broad based. So, SK-II, up over 20%, the balance of the Skin Care portfolio, up close to 20%, Personal Care, up mid to high-single-digits, deodorants growing as well.

If you take the 7% beauty segment growth and exclude SK-II, you would have seen growth of 5% in Q1. So, again, that’s reflective of very broad growth in the beauty portfolio. We’re growing share across that total business with all segments, either growing or holding share. In terms of China, we delivered across the Skin and Personal Care portfolio 22% growth, in Q1, SK-II did lead that as you would expect. But, Olay was close to 20% growth. Olay Skin has now delivered 6 quarters of double-digit growth in China, led by both, innovation, things likeOlay Whips but also the revitalization of the in-store experience and the Olay beauty counters. So, we also are seeing good growth not just offline but online in the Skin business, where e-commerce sales, if you look at the past 12 months in Skin Care up 60%. They’re up 50% calendar year-to-date ahead of the market. So, it’s a broad success story, not simply SK-II.

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