Procter & Gamble’s net sales in the first quarter of fiscal year 2023 were $20.6 billion, a 1% increase versus the prior year. Unfavorable foreign exchange had a 6% impact on net sales. Organic sales, which exclude the impacts of foreign exchange and acquisitions and divestitures, increased 7%. The organic sales increase was driven by a 9% increase from higher pricing and a 1% increase from positive product mix, partially offset by a 3% decrease in shipment volumes.
Baby, Feminine and Family Care segment organic sales increased 6% versus year ago. Baby Care organic sales increased mid-single digits due to increased pricing, partially offset by volume declines including portfolio reduction in Russia. Feminine Care organic sales increased double digits driven by increased pricing and positive geographic mix, partially offset by volume declines due to portfolio reduction in Russia. Organic sales grew in all regions. Family Care organic sales increased low single digits due to increased pricing, partially offset by lower market volumes and soft market share.
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