CINCINNATI–Second-quarter net income for Procter & Gamble’s grooming-products unit—which encompasses its Braun and Gillette products—rose 11 percent versus the second quarter of last year, reaching $429 million.
In P&G’s second-quarter earnings statement, the company said the unit’s sales increased 9 percent to nearly $2.2 billion in the quarter. Volume in blades and razors grew in double digits, driven by a strong market in North America. The Braun results were mixed, with mid-single digit growth in male and female hair removers but declining sales in home appliances, which the company has been de-emphasizing in the U.S. market.
In P&G’s health and well-being unit, the company experienced high single-digit growth in oral-care products, including its Oral B toothbrush, which helped the unit to an 11 percent increase in sales to $3.8 billion.
P&G’s second-quarter net earnings rose 14 percent to $3.3 billion, while net sales jumped 9 percent to $21.6 billion.