Consumer Staples
Household & Personal Products
$75.78B
34K
Key insights and themes extracted from this filing
Worldwide net sales decreased 3.1% YoY to $4,911 million, primarily driven by a 4.4% negative impact from foreign exchange. Volume declines of 0.1% were partially offset by net selling price increases of 1.5%.
Worldwide gross profit margin increased to 60.8% from 60.0% in the prior year. This increase was due to cost savings from the Company's funding-the-growth initiatives (210 bps), higher pricing (60 bps) and favorable mix (50 bps), partially offset by higher raw and packaging material costs (240 bps).
Operating profit increased 3% to $1,076 million. Operating profit margin was 21.9%, an increase of 120 bps compared to 20.7% in the first quarter of 2024. This increase in Operating profit margin was due to an increase in Gross profit (80 bps) and a decrease in Other (income) expense, net (50 bps), partially offset by an increase in Selling, general and administrative expenses (50 bps), all as a percentage of Net sales.