Company News, Financial News

Net Sales Fall 4% at P&G

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By: TOM BRANNA

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For the fiscal first quarter of 2013, the Procter & Gamble Company reported a 4% slip in net sales to $20.7 billion. However, P&G said it held or grew market share in businesses representing over 45% of sales in the July-September quarter, as measured on a constant currency value basis. In the US market, P&G held or grew value share in businesses representing nearly 60% of sales. “Our first quarter results put us on track to deliver our commitments for the fiscal year. Results we...

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