P&G First Quarter Sales Exceed Expectations The Procter & Gamble Company reported fiscal first quarter net sales declined 6% to $19.8 billion for the July-September quarter. Still, sales exceeded the company’s guidance, which had projected a decline of 7-10%. P&G blamed much of the decline on unfavorable exchange rates. Organic sales rose 2% versus a guidance range of flat to -3% on better than expected results across most business segments, said the company. P&G rai...