Procter & Gamble Co. was a casualty when it reported quarterly results Thursday, disappointing Wall Street with 1
percent organic sales growth on 2 percent volume growth and declining prices.
Sanford C. Bernstein senior analyst Steve Winoker told «Squawk Box» it's hard to argue that GE's 4
percent organic sales growth was not impressive.
Not exact matches
P&G said it is maintaining its guidance for
organic sales growth for 2018, a range of 2 to 3
percent, with expectations that it may fall in the low end of that range.
Those struggles were offset by the performance of its beauty business, including its premium skincare brand SK - II, which reported
organic sales growth of 5
percent.
«
Sales were up 10
percent, including 6
percent organic growth which represented our strongest first quarter
organic growth rate since 2011, with all four businesses contributing.
First quarter
sales of $ 15.2 billion were up 10
percent over the prior year, including 6 points of
organic sales growth and 3 points of foreign exchange.
ZURICH, April 19 - Food group Nestle confirmed its full - year guidance after
organic sales growth accelerated to 2.8
percent in the first quarter of 2018, helped by improving volumes.
The company also updated its
organic local - currency
sales growth guidance to be in the range of 3 to 4
percent, versus a prior range of 3 to 5
percent.
It expects
organic sales growth of 2 to 3
percent for fiscal 2018 and net
sales growth of roughly 3
percent.
Excluding the favorable impact of currency translation,
organic sales increased 3
percent driven primarily by gains in Pepperidge Farm snacks, reflecting
growth in Goldfish crackers and in cookies, as well as gains of Kelsen cookies in China.
In fact, the analyst pointed out that the company has been investing in building an «enterprise - oriented»
sales force with a global distribution market that could sustain
organic revenue
growth of 20
percent or better over the coming years.
The
organic market share of total fluid milk
sales in the United States has increased steadily — from 1.92
percent in 2007 to nearly 5
percent in 2013 — although annual
growth in
organic milk
sales has fluctuated.
According to SPINS Natural channel data,
organic chocolate milk
sales are outpacing the milk category as a whole, posting 25
percent dollar
sales growth in the Northern California region in 2016.
A prime example is Argentina, where
organic production grew from 231 000 ha in 1997 to 3 200 000 ha in 2001, representing a
growth of the average
sale of
organic products of 90
percent per year21.
19 Apr 2018 — Nestlé has reported a «solid» start to the year with
organic growth of 2.8
percent and
sales edging up 1.4
percent to CHF 21.3 billion (US$ 22bn).
In spite of high
growth rates,
sales of
organic agricultural products in industrialized countries in 2000 are estimated at less than 2
percent of total retail food
sales.
Despite all the attention
organic agriculture commands and its rapid
growth —
sales of
organic products grew 11.3
percent in 2014 and are now purchased by the majority of U.S. households —
organic still accounts for just 1
percent of global agricultural production.
Far from «backing off,»
sales for Wal - Mart's
organic produce for 2006 were at a
growth rate well above the industry average of 13.7
percent, based on data from the
Organic Trade Association.