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P&G First Quarter Sales Exceed Expectations

Net sales of $19.8B better than forecasted.

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By: TOM BRANNA

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The Procter & Gamble Company (P&G) reported net sales of $19.8 billion for the July-September quarter, which exceeded the company’s guidance. This was a decrease of 6% that was primarily due to unfavorable foreign exchange impacts as the U.S. dollar remained above prior year levels. However, the company had previously guided to a net sales decrease of 7-10% in reports. Organic sales growth was up 2% versus a guidance range of flat to -3% on better than expected results across most b...

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