Company News, Financial News

Dollar Derails P&G

Sales and profits down in Q3.

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By: TOM BRANNA

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Currency headwinds continue to batter the home and personal care industry. Today, Procter & Gamble said sales declined across all its major business segments in the third quarter as it took a hit from the strong dollar. In fact, P&G executives predict that the dollar will drive a 5 to 6% sales decline this fiscal year.   For the quarter, the maker of Tide, Crest and Pampers reported a profit of $2.15 billion, or 75 cents per share, down from $2.61 billion, or 90 cents per share, ...

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