Procter & Gamble reported third quarter fiscal year 2015 core earnings per share of 92 cents. On a currency-neutral basis, core earnings per share increased 10% for the quarter. Diluted net earnings, which include all restructuring charges and impacts from discontinued operations, were 75 cents per share. Net sales were $18.1 billion, a decrease of 8% versus the prior year period, including a negative eight percentage point impact from foreign exchange and a negative one percentage point impact from minor brand divestitures. Organic sales grew 1%.

“Our third quarter earnings results were largely in-line with what we had expected,” says Chairman, President, and CEO A.G. Lafley. “We delivered double-digit constant currency core EPS growth with significant currency-neutral gross and operating margin expansion from over 400 basis points of productivity savings from programs that continue to gain momentum. This quarter the productivity progress was offset by foreign exchange. As we have done before, we’ll offset foreign exchange over time through a combination of pricing, mix enhancement and cost reduction. We are focused on the significant opportunities in our control, including brand initiatives and product innovation, business and brand portfolio simplification, overhead savings and major supply chain productivity initiatives, to improve results in 2015 and beyond.”

In the baby, feminine and family care segment organic sales increased 2% behind pricing and mix in baby care and feminine care, including the benefits from the Always Discreet entry into the adult incontinence category and continued strong growth of Pampers Swaddlers in North America.