0944 ET - Procter & Gamble records higher sales on higher volumes in fiscal 2Q, with innovation playing a big part in driving the growth, CEO Jon Moeller says on a call with analysts. The company's Charmin brand released a scalloped-edge toilet paper this year--"the biggest innovation in toilet paper in 100 years," Moeller says--that increased the Charmin unit's volume and value share in the U.S. Moeller also says P&G was also the first to launch whole-body deodorant sprays across its Old Spice, Secret and Native brands, helping push the company's volume and value share of the deodorant market up nearly one percentage point over the last year. P&G shares are up 3%. (dean.seal@wsj.com)
(END) Dow Jones Newswires
January 22, 2025 09:44 ET (14:44 GMT)
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