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Decreases in beauty and household categories
April 30, 2009
By: TOM BRANNA
Editor
The Procter & Gamble Company (P&G) saw a 8% drop in net sales to $18.4 billion for the third quarter driven by unfavorable foreign exchange and lower shipment volume, says the company in its latest financial report. Beauty net sales declined 9% during the quarter to $4.3 billion. Organic sales were in line with the previous year period. Volume declined 5% primarily due to market softness in prestige fragrances. Retail hair care volume was down low single digits as a double-digit dec...
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