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Gillette Posts a Slight Rise in Sales for the Third Quarter

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By: TOM BRANNA

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The Gillette Company, Boston, MA, said net income for the third quarter climbed 20%, driven by the strong growth of new products and solid cost savings. Sales and market shares also increased for Gillette’s new and core brands in blades and razors, oral care and electric shavers.Sales for the quarter were $2.17 billion, up 2% from $2.12 billion a year ago. Foreign exchange had no material effect on reported sales, as strength in the euro was offset by the unfavorable impact of weaker curre...

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