Procter & Gamble: Bow to Our 2 New Billion Dollar Brands
Procter & Gamble (NYSE:PG) brought home more billions for shareholders this quarter. The consumer staple giant delivered two percent sales growth to $20.2 billion. But the real B’s to notice are the new additions to the company’s incredible billion dollar brand portfolio.
Investors and business-builders take note of SK-II and Vicks: two companies which represent brands with annual net sales of at least one billion dollars. (Yes, you can see Dr. Evil flirting with his pinky finger now.)
P&G now has 26 billion dollar brands, up from 24 merely one quarter ago. How did these companies reach the elite of all consumer staple elites? The company cited sustained product innovation and geographic expansion. SK-II gets extra stickers today as the first Asian “homegrown” billion dollar brand. Wow.
If you’re interested in the rest of P&G’s earnings, you’ll want to know why Earnings Were Slammed By This Critical Issue >>